Insider Selling: DoorDash (NASDAQ:DASH) CFO Sells $330,557.25 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $231.97, for a total value of $330,557.25. Following the transaction, the chief financial officer directly owned 184,037 shares in the company, valued at $42,691,062.89. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Ravi Inukonda also recently made the following trade(s):

• On Monday, October 20th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $263.86, for a total transaction of $376,000.50.
• On Wednesday, September 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $266.16, for a total transaction of $379,278.00.

DoorDash Stock Down 0.2%

DASH stock opened at $232.19 on Friday. The firm’s 50-day moving average is $224.95 and its two-hundred day moving average is $240.79. The company has a market capitalization of $100.07 billion, a price-to-earnings ratio of 117.86 and a beta of 1.72. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the business earned $0.38 earnings per share. The company’s revenue was up 27.3% on a year-over-year basis. On average, analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on DASH shares. Jefferies Financial Group upped their price objective on DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 11th. DA Davidson reissued a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a report on Thursday, November 6th. Morgan Stanley lifted their price objective on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $275.74.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently made changes to their positions in the company. Gilbert & Cook Inc. grew its position in DoorDash by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of DoorDash by 3.5% in the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after buying an additional 42 shares during the period. Premier Path Wealth Partners LLC grew its holdings in shares of DoorDash by 1.9% during the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after buying an additional 45 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after buying an additional 46 shares in the last quarter. Finally, Advisory Resource Group raised its position in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.