Ravi Inukonda Sells 1,017 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the transaction, the chief financial officer directly owned 208,412 shares in the company, valued at $44,837,757.68. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, December 19th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $231.97, for a total transaction of $330,557.25.
• 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.

DoorDash Stock Down 2.3%

DASH opened at $205.32 on Friday. The stock has a market cap of $88.49 billion, a PE ratio of 104.22 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, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The business’s fifty day simple moving average is $216.50 and its 200 day simple moving average is $240.37.

DoorDash (NASDAQ:DASH) last issued its 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 firm 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 company earned $0.38 EPS. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. As a group, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DASH has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target 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. Wedbush increased their price objective on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. Royal Bank Of Canada decreased their target price on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Wolfe Research set a $270.00 price target on shares of DoorDash in a research report on Monday, January 5th. Finally, Cantor Fitzgerald boosted their price objective on shares of DoorDash from $270.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $278.05.

Institutional Trading of DoorDash

Hedge funds have recently modified their holdings of the business. Physician Wealth Advisors Inc. grew its stake in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after buying an additional 71 shares during the last quarter. Eastern Bank boosted its holdings in DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. GFG Capital LLC purchased a new stake in shares of DoorDash in the second quarter worth $30,000. Sunbelt Securities Inc. increased its holdings in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of DoorDash in the 3rd quarter worth about $36,000. Institutional investors own 90.64% of the company’s stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BNP Paribas upgraded DoorDash to “strong-buy,” signaling institutional optimism about the shares and potentially supporting demand. Read More.
• Positive Sentiment: BNP Paribas Exane initiated coverage of DASH, which can increase analyst attention and liquidity for the stock. Read More.
• Neutral Sentiment: DoorDash published data on big-game food trends, highlighting platform engagement and marketing/consumer demand insights that support revenue visibility around events. Read More.
• Neutral Sentiment: A viral local news story showed police delivering a pizza after a DoorDash driver was arrested; reputationally noteworthy but unlikely to move fundamentals. Read More.
• Negative Sentiment: DoorDash’s Chief Revenue Officer Lee Brown departed after about five months — a sign of executive turnover in a revenue-facing role that can spook investors concerned about sales execution. Read More.
• Negative Sentiment: Insiders sold shares: CFO Ravi Inukonda sold 1,017 shares (SEC Form 4 filing) and a Director sold about $277,900 of stock — modest but visible insider selling that can be read negatively by the market. Read More. Read More.
• Negative Sentiment: New reports and a city lawsuit allege DoorDash and competitors shortchanged delivery workers of roughly $550M in tips — a regulatory/legal risk that could lead to fines, settlements or changes to the business model. Read More.

DoorDash Company 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.