CIBC Bancorp USA Inc. Takes Position in DoorDash, Inc. $DASH

CIBC Bancorp USA Inc. purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 111,394 shares of the company’s stock, valued at approximately $30,298,000.

Several other institutional investors and hedge funds have also made changes to their positions in DASH. Centaurus Financial Inc. raised its position in DoorDash by 22.0% during the third quarter. Centaurus Financial Inc. now owns 770 shares of the company’s stock worth $209,000 after acquiring an additional 139 shares during the last quarter. Caerus Investment Advisors LLC purchased a new stake in shares of DoorDash in the third quarter valued at about $216,000. Sunbelt Securities Inc. grew its position in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of DoorDash by 27.4% in the third quarter. Coldstream Capital Management Inc. now owns 4,293 shares of the company’s stock valued at $1,168,000 after purchasing an additional 924 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of DoorDash during the 3rd quarter worth approximately $56,646,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Bernstein reaffirmed an “Outperform” rating and highlighted DoorDash’s reinvestment-driven growth strategy, a vote of confidence from an institutional analyst that can support the stock. DoorDash (DASH) reinforces growth strategy through continued reinvestment, Bernstein reaffirms outperform
• Positive Sentiment: DoorDash is expanding into restaurant reservations and paying users to dine at partner restaurants — a strategic push to capture higher-value transactions and compete with rivals in the “reservation wars,” which could boost take rates and engagement over time. As Reservation Wars Heat Up, DoorDash Will Pay You to Eat at a Restaurant
• Positive Sentiment: Viral human-interest coverage of a 78‑year‑old DoorDash driver has generated large public donations and positive PR; DoorDash and its CEO contributed $20,000 to the fundraiser, a goodwill event that helps brand perception and driver relations. 78-year-old DoorDash driver gets massive tip from thousands of strangers after viral doorbell video
• Neutral Sentiment: Unusual options activity: traders bought ~42,347 call options in a single day (about a 140% jump vs. average), signaling speculative or hedged bullish interest but not confirming directional fundamentals. (No article link available)
• Negative Sentiment: A proposed $16.75M settlement related to a class action has been announced; while small relative to DoorDash’s market cap, it is a legal overhang and could inspire additional scrutiny or costs. See if you qualify for DoorDash’s $16.75M settlement
• Negative Sentiment: A report that a DoorDash driver pulled a gun on a gate guard and is now suing a Myrtle Beach-area HOA raises reputational and liability concerns tied to gig‑worker conduct and local dispute escalation. DoorDash driver pulls gun on gate guard. He’s now suing Myrtle Beach area HOA
• Negative Sentiment: Separately, a high-profile trial began for the highway superintendent who fatally shot a DoorDash worker — a tragic incident that keeps safety and liability in the headlines and could pressure sentiment. Trial for highway superintendent who shot DoorDash worker kicks off

DoorDash Stock Down 2.8%

Shares of NASDAQ DASH opened at $164.99 on Thursday. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The firm’s 50 day moving average price is $187.01 and its 200 day moving average price is $221.07. The firm has a market cap of $71.68 billion, a P/E ratio of 77.83 and a beta of 1.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the firm posted $0.33 earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 16,667 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 188,742 shares of company stock valued at $41,498,888. 5.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DASH has been the subject of several research reports. Piper Sandler restated a “neutral” rating and set a $220.00 price objective (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. Mizuho lowered their target price on DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Bank of America raised their price target on DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Argus cut their price target on DoorDash from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, December 12th. Finally, Citizens Jmp reduced their price objective on DoorDash from $285.00 to $250.00 and set a “market outperform” rating on the stock in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $262.82.

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.