DoorDash, Inc. (NASDAQ:DASH) CFO Sells $330,172.50 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 1,425 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $231.70, for a total transaction of $330,172.50. Following the transaction, the chief financial officer now directly owns 265,530 shares in the company, valued at approximately $61,523,301. The trade was a 0.53% decrease in their position. The sale was disclosed in a legal filing 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 stock was sold at an average price of $205.54, for a total transaction 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 transaction 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 transaction of $266,788.50.

DoorDash Stock Performance

NASDAQ DASH traded up $6.96 during trading on Thursday, reaching $239.64. 3,198,721 shares of the company's stock were exchanged, compared to its average volume of 4,222,386. The company has a 50 day moving average price of $203.65 and a two-hundred day moving average price of $190.41. The stock has a market cap of $101.55 billion, a P/E ratio of 311.22 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $240.01.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. Research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. Vanguard Group Inc. boosted its holdings in shares of DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock valued at $7,200,642,000 after buying an additional 8,073,882 shares in the last quarter. Norges Bank purchased a new stake in DoorDash in the fourth quarter valued at $597,443,000. Capital World Investors boosted its stake in DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after acquiring an additional 1,869,866 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of DoorDash by 442.5% during the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock worth $321,799,000 after purchasing an additional 1,497,636 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Citigroup reissued an "outperform" rating on shares of DoorDash in a research report on Thursday, June 12th. UBS Group reduced their price objective on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Finally, FBN Securities started coverage on shares of DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, DoorDash presently has an average rating of "Moderate Buy" and an average 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.

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