Rep. Jefferson Shreve Sells DoorDash, Inc. (NASDAQ:DASH) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of DoorDash, Inc. NASDAQ: DASH. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in DoorDash stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

DoorDash Stock Up 2.6%

Shares of DASH stock traded up $6.23 during mid-day trading on Friday, reaching $249.92. The stock had a trading volume of 3,051,438 shares, compared to its average volume of 3,405,321. The firm's 50 day simple moving average is $226.30 and its 200 day simple moving average is $201.03. DoorDash, Inc. has a one year low of $102.81 and a one year high of $250.23. The firm has a market cap of $105.90 billion, a PE ratio of 324.58 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 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the company earned ($0.06) EPS. The company's quarterly revenue was up 20.7% on a year-over-year basis. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NorthRock Partners LLC acquired a new position in DoorDash in the second quarter valued at about $1,015,000. Atria Wealth Solutions Inc. boosted its position in shares of DoorDash by 20.1% during the second quarter. Atria Wealth Solutions Inc. now owns 3,305 shares of the company's stock worth $791,000 after buying an additional 552 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of DoorDash by 10.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,789 shares of the company's stock worth $1,427,000 after buying an additional 540 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of DoorDash by 1.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 29,600 shares of the company's stock worth $7,297,000 after buying an additional 500 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of DoorDash by 45.6% during the second quarter. Sequoia Financial Advisors LLC now owns 7,526 shares of the company's stock worth $1,855,000 after buying an additional 2,357 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $247.00, for a total transaction of $4,940,000.00. Following the completion of the transaction, the chief financial officer directly owned 245,530 shares of the company's stock, valued at approximately $60,645,910. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the transaction, the director directly owned 26,070 shares of the company's stock, valued at $6,274,788.30. This trade represents a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 441,773 shares of company stock valued at $98,711,043 over the last ninety days. Company insiders own 5.83% of the company's stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of research reports. Bank of America raised their price objective on DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Oppenheimer raised their target price on DoorDash from $220.00 to $280.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. Wedbush restated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and set a $260.00 target price (up previously from $210.00) on shares of DoorDash in a research report on Wednesday, June 25th. Finally, Sanford C. Bernstein raised their target price on DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Eleven 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 stock. According to MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.12.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.