Calamos Wealth Management LLC Buys 2,425 Shares of DoorDash, Inc. $DASH

Calamos Wealth Management LLC grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,603 shares of the company’s stock after purchasing an additional 2,425 shares during the quarter. Calamos Wealth Management LLC’s holdings in DoorDash were worth $18,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Gilbert & Cook Inc. boosted its stake in DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares during the period. Perigon Wealth Management LLC increased its position in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after acquiring an additional 46 shares during the period. Advisory Resource Group increased its position in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after acquiring an additional 48 shares during the period. Quotient Wealth Partners LLC raised its stake in DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after purchasing an additional 48 shares in the last quarter. Finally, Hobart Private Capital LLC boosted its holdings in DoorDash by 2.4% in the 3rd quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock valued at $589,000 after purchasing an additional 50 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total value of $7,331,700.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Prabir Adarkar sold 30,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $234.57, for a total value of $7,037,100.00. Following the sale, the chief operating officer owned 874,130 shares in the company, valued at approximately $205,044,674.10. This represents a 3.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 552,071 shares of company stock valued at $116,812,955. 5.83% of the stock is currently owned by insiders.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $228.13 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $98.32 billion, a P/E ratio of 115.80 and a beta of 1.72. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The company’s 50-day moving average is $223.01 and its 200 day moving average is $241.42.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results 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 return on equity of 9.97% and a net margin of 6.83%.The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on DASH shares. Jefferies Financial Group raised their target price on shares of DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Barclays lowered their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. decreased their price target on DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price objective on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $275.74.

DoorDash Profile

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.