Atika Capital Management LLC Trims Stake in DoorDash, Inc. $DASH

Atika Capital Management LLC cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,201 shares of the company’s stock after selling 3,199 shares during the period. DoorDash accounts for 1.4% of Atika Capital Management LLC’s portfolio, making the stock its 26th largest holding. Atika Capital Management LLC’s holdings in DoorDash were worth $17,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nemes Rush Group LLC increased its stake in shares of DoorDash by 10,772.7% in the 3rd quarter. Nemes Rush Group LLC now owns 1,196 shares of the company’s stock worth $325,000 after purchasing an additional 1,185 shares in the last quarter. Mackenzie Financial Corp grew its holdings in DoorDash by 40.1% during the third quarter. Mackenzie Financial Corp now owns 133,733 shares of the company’s stock valued at $36,374,000 after purchasing an additional 38,281 shares during the period. Quadrant Capital Group LLC increased its position in DoorDash by 2.1% in the third quarter. Quadrant Capital Group LLC now owns 6,452 shares of the company’s stock worth $1,755,000 after buying an additional 133 shares in the last quarter. Van ECK Associates Corp purchased a new stake in DoorDash in the third quarter worth about $855,000. Finally, Capital World Investors raised its stake in shares of DoorDash by 0.9% in the third quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock worth $2,955,424,000 after buying an additional 95,278 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Promotional activity — gift card deals from DoorDash and rivals could boost short-term order volume and customer acquisition. Gift card deals
• Positive Sentiment: Local PR/brand goodwill — a Starbucks DoorDash order that turned into a community campaign generated positive local press and could marginally support consumer sentiment. Starbucks DoorDash request turned into campaign
• Neutral Sentiment: Short-interest report shows effectively no actionable data (reported 0 shares / 0 days-to-cover), so no clear short-squeeze/covering signal from the published metric. (Internal short-interest entry)
• Neutral Sentiment: Consumer marketing insight — DoorDash published local trends (e.g., New Mexico’s most popular Easter candy), useful for branding and merchandising but unlikely to move stock materially. Easter candy trends
• Neutral Sentiment: Comparative coverage — a head-to-head contrast with Dropbox is informational but not a material company-specific catalyst. Dropbox vs DoorDash
• Negative Sentiment: Data breach notification — DoorDash informed users of a data breach, a reputational and potential regulatory/legal risk that can erode user trust and lead to costs. Data breach notice
• Negative Sentiment: Rising gas prices & driver squeeze — local reports (Harrisburg) highlight drivers facing higher fuel costs, which can pressure driver supply, increase delivery costs or force higher pay incentives. Gas price squeeze
• Negative Sentiment: Driver hardship stories — local GoFundMe coverage for a driver highlights workforce stresses and could draw attention to structural labor challenges. GoFundMe for driver
• Negative Sentiment: Security/scam concern — reports of phone scams targeting delivery workers raise operational risks and potential costs for driver protection. Phone scam targeting drivers
• Negative Sentiment: Insider selling — Director Shona L. Brown sold 1,250 shares (disclosed via SEC filing), a modest but visible insider sale that can signal near-term liquidity preference by insiders. Director share sale filing
• Negative Sentiment: Analyst/market skepticism — coverage noting a 32% decline over six months highlights valuation and competition concerns that weigh on sentiment. Zacks analysis on six‑month plunge

Insider Activity

In related news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.52, for a total transaction of $6,675,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the sale, the chief executive officer owned 1,500 shares in the company, valued at approximately $345,000. This represents a 91.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 205,409 shares of company stock valued at $45,332,298 in the last quarter. Company insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of a number of recent research reports. Wolfe Research set a $270.00 price objective on DoorDash in a research note on Monday, January 5th. Truist Financial lifted their price target on shares of DoorDash from $330.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Piper Sandler reiterated a “neutral” rating and issued a $220.00 price target (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. Roth Mkm reissued a “neutral” rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 19th. Finally, Needham & Company LLC decreased their price objective on shares of DoorDash from $275.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $262.82.

DoorDash Stock Down 0.3%

NASDAQ DASH opened at $169.48 on Thursday. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. The stock has a market cap of $73.63 billion, a PE ratio of 79.94 and a beta of 1.82. The stock’s 50 day moving average is $193.16 and its 200 day moving average is $223.91.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. Research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.