Dark Forest Capital Management LP Purchases Shares of 1,412 DoorDash, Inc. (NASDAQ:DASH)

Dark Forest Capital Management LP acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,412 shares of the company's stock, valued at approximately $237,000.

A number of other hedge funds have also modified their holdings of DASH. Swedbank AB increased its stake in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock worth $28,694,000 after purchasing an additional 5,539 shares in the last quarter. LVW Advisors LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at approximately $236,000. Nordea Investment Management AB raised its holdings in shares of DoorDash by 37.5% during the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company's stock valued at $294,701,000 after acquiring an additional 476,360 shares during the period. Retireful LLC lifted its position in shares of DoorDash by 121.4% in the 4th quarter. Retireful LLC now owns 9,621 shares of the company's stock valued at $1,614,000 after acquiring an additional 5,275 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in DoorDash in the 4th quarter worth approximately $240,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 1,398 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was 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 approximately $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,511 shares of company stock valued at $30,394,673. 7.92% of the stock is owned by insiders.

DoorDash Trading Up 4.5 %

DASH traded up $8.89 during trading on Friday, hitting $205.09. The stock had a trading volume of 4,255,475 shares, compared to its average volume of 4,140,934. The firm has a market cap of $86.16 billion, a PE ratio of 759.59 and a beta of 1.69. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The company has a 50 day simple moving average of $185.50 and a 200-day simple moving average of $179.59.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DASH shares. Wells Fargo & Company increased their target price on DoorDash from $198.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday, April 3rd. Needham & Company LLC restated a "buy" rating on shares of DoorDash in a research report on Monday, March 3rd. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. Piper Sandler reissued a "neutral" rating and issued a $210.00 price target (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, FBN Securities assumed coverage on shares of DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $209.66.

DoorDash 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.