CenterBook Partners LP Acquires New Holdings in DoorDash, Inc. (NASDAQ:DASH)

CenterBook Partners LP acquired a new stake in DoorDash, Inc. (NASDAQ:DASHFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,946 shares of the company’s stock, valued at approximately $489,000.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares in the last quarter. Covestor Ltd raised its stake in shares of DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after acquiring an additional 253 shares in the last quarter. Valley National Advisers Inc. bought a new position in shares of DoorDash in the 4th quarter valued at approximately $43,000. SJS Investment Consulting Inc. raised its stake in shares of DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of DoorDash in the 4th quarter valued at approximately $49,000. 90.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company lifted their price target on DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. UBS Group dropped their price target on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Royal Bank of Canada dropped their price target on DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $137.00 price target on shares of DoorDash in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Check Out Our Latest Report on DoorDash

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92. Following the transaction, the insider now owns 161,651 shares of the company’s stock, valued at $18,079,047.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the sale, the insider now owns 161,651 shares in the company, valued at $18,079,047.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the sale, the director now owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 449,323 shares of company stock valued at $59,674,859. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Price Performance

DoorDash stock opened at $113.27 on Monday. The business’s fifty day moving average is $122.65 and its two-hundred day moving average is $115.77. DoorDash, Inc. has a 52 week low of $69.00 and a 52 week high of $143.34.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. On average, equities analysts expect that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

DoorDash Company Profile

(Free Report)

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.

Further Reading

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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