DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda Sells 1,425 Shares

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $231.70, for a total value of $330,172.50. Following the completion of the transaction, the chief financial officer now directly owns 265,530 shares in the company, valued at $61,523,301. This represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 value of $2,938,399.84.
• On Tuesday, May 20th, Ravi Inukonda sold 15,945 shares of DoorDash stock. The shares were sold at an average price of $199.90, for a total value of $3,187,405.50.
• 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 value of $266,788.50.

DoorDash Price Performance

NASDAQ:DASH traded up $2.68 during trading hours on Friday, reaching $242.32. The company's stock had a trading volume of 7,323,728 shares, compared to its average volume of 4,213,649. The company has a market cap of $102.68 billion, a price-to-earnings ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a one year low of $99.32 and a one year high of $242.63. The business's 50-day moving average is $206.04 and its 200-day moving average is $191.54.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. DoorDash's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

A number of hedge funds have recently bought and sold shares of DASH. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after acquiring an additional 1,807 shares during the period. Principal Financial Group Inc. boosted its holdings in DoorDash by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock valued at $15,665,000 after acquiring an additional 2,596 shares during the period. Truist Financial Corp boosted its holdings in DoorDash by 35.1% during the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock valued at $1,442,000 after acquiring an additional 2,233 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in DoorDash during the fourth quarter valued at about $1,724,000. Finally, IFP Advisors Inc boosted its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DASH has been the topic of several research reports. FBN Securities initiated coverage on DoorDash in a report on Friday, March 28th. They issued an "outperform" rating and a $230.00 price target on the stock. Wells Fargo & Company dropped their price target on DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. UBS Group cut their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Wedbush reissued an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Finally, Morgan Stanley cut their target price on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.76.

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.