Aquatic Capital Management LLC Acquires Shares of 5,720 DoorDash, Inc. (NASDAQ:DASH)

Aquatic Capital Management LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,720 shares of the company's stock, valued at approximately $960,000.

Other large investors also recently made changes to their positions in the company. GeoWealth Management LLC raised its position in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc grew its stake in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after buying an additional 69 shares during the last quarter. Avestar Capital LLC raised its holdings in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after acquiring an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock worth $1,970,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Insider Activity

In related news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $187.22, for a total value of $266,788.50. Following the transaction, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at $63,173,644.60. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,511 shares of company stock valued at $30,394,673. Insiders own 7.92% of the company's stock.

DoorDash Price Performance

NASDAQ DASH traded up $8.89 during trading hours on Friday, reaching $205.09. The company's stock had a trading volume of 4,255,475 shares, compared to its average volume of 4,140,934. The firm has a fifty day simple moving average of $185.50 and a 200-day simple moving average of $179.59. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a market cap of $86.16 billion, a P/E ratio of 759.59 and a beta of 1.69.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DASH. JPMorgan Chase & Co. lowered their target price on DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Wedbush lifted their target price on DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Oppenheimer reaffirmed a "hold" rating on shares of DoorDash in a research report on Monday, March 10th. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Mizuho raised their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.66.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.