11,500 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Caption Management LLC

Caption Management LLC bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,500 shares of the company's stock, valued at approximately $1,929,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the fourth quarter worth about $29,000. Denver PWM LLC purchased a new position in shares of DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash in the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the fourth quarter worth $36,000. Finally, IFP Advisors Inc boosted its holdings in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Up 0.3 %

Shares of DASH traded up $0.60 during trading hours on Friday, hitting $183.56. The company had a trading volume of 3,422,208 shares, compared to its average volume of 4,179,110. The company has a market capitalization of $77.11 billion, a PE ratio of 679.85 and a beta of 1.68. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The company's fifty day moving average price is $184.61 and its two-hundred day moving average price is $180.63.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. The firm's revenue was up 20.7% on a year-over-year basis. Analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 1,398 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now owns 14,778 shares in the company, valued at $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock valued at $30,407,073 over the last 90 days. Insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DASH shares. Citigroup restated an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. Benchmark boosted their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday. Truist Financial increased their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Roth Capital set a $191.00 price objective on DoorDash and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and an average target price of $209.97.

About DoorDash

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.