DoorDash, Inc. (NASDAQ:DASH) CFO Sells $348,811.50 in Stock

Key Points

• DoorDash's CFO, Ravi Inukonda, sold 1,425 shares of the company's stock for approximately $348,811.50 on July 25th, reducing his position by 0.58%.
• The stock price of DoorDash dropped 1.3% during trading hours on Tuesday, reaching $243.20, with a market capitalization of $103.05 billion.
• Recent analyst upgrades have set DoorDash's price targets between $250.00 and $280.00, with overall ratings leaning towards a Moderate Buy.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 1,425 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $244.78, for a total value of $348,811.50. Following the transaction, the chief financial officer owned 244,905 shares of the company's stock, valued at approximately $59,947,845.90. The trade was a 0.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 30th, Ravi Inukonda sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $247.00, for a total value of $4,940,000.00.
• On Tuesday, June 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $231.70, for a total transaction of $330,172.50.
• 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 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.

DoorDash Stock Down 1.3%

Shares of DASH traded down $3.24 during trading hours on Tuesday, reaching $243.20. 2,308,125 shares of the company traded hands, compared to its average volume of 4,805,387. The business has a fifty day moving average price of $227.18 and a 200-day moving average price of $201.75. DoorDash, Inc. has a 12-month low of $105.34 and a 12-month high of $250.71. The stock has a market capitalization of $103.05 billion, a P/E ratio of 315.85 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oppenheimer lifted their price target on shares of DoorDash from $220.00 to $280.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. Citigroup restated an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. Jefferies Financial Group reiterated a "hold" rating and issued a $250.00 target price (up from $235.00) on shares of DoorDash in a report on Tuesday, July 15th. UBS Group increased their price target on DoorDash from $196.00 to $260.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $260.00 price target (up previously from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $235.56.

Hedge Funds Weigh In On DoorDash

A number of institutional investors have recently bought and sold shares of the business. Saudi Central Bank acquired a new position in DoorDash during the first quarter valued at $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash in the first quarter worth about $26,000. Pacific Center for Financial Services purchased a new stake in shares of DoorDash in the first quarter worth about $27,000. GFG Capital LLC acquired a new stake in DoorDash during the second quarter worth about $30,000. Finally, Harbour Investments Inc. lifted its holdings in DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.

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