DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda Sells 15,945 Shares

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 15,945 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $199.90, for a total transaction of $3,187,405.50. Following the completion of the transaction, the chief financial officer now directly owns 393,533 shares of the company's stock, valued at $78,667,246.70. This represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ravi Inukonda also recently made the following trade(s):

• On Tuesday, May 27th, Ravi Inukonda sold 14,296 shares of DoorDash stock. The shares were sold at an average price of $205.54, for a total transaction of $2,938,399.84.
• On Friday, April 25th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50.
• On Monday, March 24th, Ravi Inukonda sold 14,715 shares of DoorDash stock. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80.

DoorDash Stock Up 0.8%

Shares of DoorDash stock traded up $1.56 on Friday, reaching $206.14. 4,853,384 shares of the stock were exchanged, compared to its average volume of 4,206,465. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a market capitalization of $87.35 billion, a price-to-earnings ratio of 763.48 and a beta of 1.68. The business has a 50 day moving average price of $189.04 and a two-hundred day moving average price of $184.90.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DASH. Saudi Central Bank purchased a new position in DoorDash during the 1st quarter worth approximately $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash in the 1st quarter valued at approximately $26,000. Pacific Center for Financial Services purchased a new position in shares of DoorDash in the 1st quarter valued at approximately $27,000. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $29,000. Finally, Denver PWM LLC purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DASH shares. KeyCorp decreased their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Wedbush restated an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. FBN Securities assumed coverage on shares of DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price objective for the company. Evercore ISI restated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Finally, Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a report on Monday, April 28th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.97.

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.