GRIMES & Co WEALTH MANAGEMENT LLC Makes New $700,000 Investment in DoorDash, Inc. $DASH

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,574 shares of the company’s stock, valued at approximately $700,000.

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

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Venture/tech execution — DoorDash describes how it scaled operations without a costly ERP overhaul, highlighting technology and cost discipline that can support margins and long-term unit economics. How DoorDash scaled without a costly ERP overhaul
• Positive Sentiment: Brand & demand boost — High-visibility placements (Golden Globes food available on DoorDash) help drive orders and consumer awareness, a modest positive for topline growth. Golden Globes Food Stuns Fans As It’s Revealed You Can Order It On DoorDash
• Positive Sentiment: Service resilience / PR moment — Local news of a Covington police officer delivering an order after a DoorDash driver crashed underscores service continuity and community goodwill, small but favorable for brand perception. Covington police officer delivers order after DoorDash driver gets into wreck
• Neutral Sentiment: Short-interest reporting anomaly — Data shows a purported large short-interest increase but the published numbers read as 0 shares (likely a reporting/data error). This appears informational only unless confirmed by exchanges.
• Neutral Sentiment: Fraud/security incident — DoorDash shut down a driver after an AI deepfake was used as fake proof of delivery, highlighting fraud risk and moderation needs; operationally manageable but worth monitoring for escalation. AI deepfake crosses into food delivery — DoorDash shuts down driver over fake proof
• Negative Sentiment: Regulatory / legal risk — New York City alleges DoorDash and Uber Eats erased roughly $550M in delivery worker tips, a major claim that could trigger fines, remediation costs, and sustained regulatory scrutiny. DoorDash, Uber Eats erased $550M in delivery worker tips in NYC, Mamdani administration alleges Uber and DoorDash delivery workers missed $550 million worth of tips in New York City, a city report estimates
• Negative Sentiment: Tipping practices scrutiny — Separate report alleges UberEats and DoorDash blocked tipping flows for drivers; ongoing negative publicity and potential policy or legal remedies could increase labor costs or require platform changes. UberEats and DoorDash allegedly blocked tipping for delivery drivers – update
• Negative Sentiment: Safety/operational risk — Coverage of a DoorDash driver killed in a South Nashville shooting raises concerns about driver safety and potential reputational/legal exposure in markets where driver protections are scrutinized. Family still searching for answers after DoorDash driver killed in South Nashville shooting
• Negative Sentiment: Insider selling — Director Shona L. Brown sold 1,250 shares (Form 4 filed), a modest insider sale; typically neutral-to-negative depending on context and follow-up filings. SEC Form 4 — Shona L. Brown

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.53, for a total transaction of $10,105,087.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $205,044,674.10. The trade was a 3.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 618,293 shares of company stock worth $130,311,170. 5.83% of the stock is currently owned by company insiders.

DoorDash Price Performance

Shares of DASH opened at $217.40 on Wednesday. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The firm’s 50 day moving average price is $216.71 and its 200 day moving average price is $241.05. The company has a market cap of $93.70 billion, a P/E ratio of 110.36 and a beta of 1.70. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 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 business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was up 27.3% on a year-over-year basis. On average, research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Zacks Research cut DoorDash from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Benchmark upped their target price on shares of DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group lowered their target price on shares of DoorDash from $315.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Susquehanna dropped their price target on shares of DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Finally, BTIG Research reissued a “buy” rating and issued a $315.00 price target on shares of DoorDash in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $277.94.

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.