139,665 Shares in DoorDash, Inc. $DASH Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 139,665 DoorDash shares worth approximately $25.8 million in the second quarter. Institutional investors and hedge funds collectively own 90.64% of the company.
• DoorDash’s latest quarterly revenue rose 35.6% year over year to $4.45 billion, exceeding estimates, although EPS of $0.46 narrowly missed expectations. The stock carries a “Moderate Buy” consensus rating with an average price target of $254.53.
• Insiders have sold about $73.0 million worth of shares over the past 90 days, including sales by the CFO and general counsel. The transactions were largely tied to tax obligations or pre-arranged Rule 10b5-1 plans, which may lessen their bearish significance.

Public Employees Retirement System of Ohio bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 139,665 shares of the company's stock, valued at approximately $25,772,000.

Several other institutional investors also recently bought and sold shares of DASH. MV Capital Management Inc. purchased a new stake in DoorDash during the 4th quarter worth approximately $26,000. Swiss RE Ltd. purchased a new position in DoorDash in the 4th quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in DoorDash in the 4th quarter valued at approximately $32,000. Sunbelt Securities Inc. grew its stake in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock worth $33,000 after acquiring an additional 67 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of DoorDash in the third quarter worth $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

Insider Activity

In other DoorDash news, CFO Ravi Inukonda sold 19,505 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the transaction, the chief financial officer directly owned 232,938 shares in the company, valued at $51,390,781.56. This represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Tia Sherringham sold 2,265 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $227.64, for a total transaction of $515,604.60. Following the sale, the general counsel directly owned 118,262 shares in the company, valued at approximately $26,921,161.68. The trade was a 1.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 337,674 shares of company stock valued at $72,974,540 over the last 90 days. Insiders own 5.28% of the company's stock.

DoorDash Stock Up 2.1%

DoorDash stock opened at $236.74 on Friday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $102.58 billion, a PE ratio of 123.95 and a beta of 1.78. The stock's fifty day moving average is $199.10 and its two-hundred day moving average is $176.81.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the company posted $0.65 earnings per share. The company's revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts expect that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DASH. BTIG Research reiterated a "buy" rating and issued a $225.00 price objective on shares of DoorDash in a research note on Thursday, August 6th. TD Cowen upped their price target on DoorDash from $225.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Benchmark reduced their price target on DoorDash from $285.00 to $270.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Bank of America reiterated a "buy" rating on shares of DoorDash in a research note on Thursday, August 6th. Finally, UBS Group boosted their price objective on DoorDash from $223.00 to $225.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $254.53.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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