3,518 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,518 shares of the company's stock, valued at approximately $643,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new stake in DoorDash during the 4th quarter worth $29,000. Denver PWM LLC acquired a new stake in DoorDash during the 4th quarter worth $30,000. IFP Advisors Inc raised its stake in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Rothschild Investment LLC raised its stake in DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after acquiring an additional 247 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in DoorDash by 695.6% during the 4th quarter. Larson Financial Group LLC now owns 358 shares of the company's stock worth $60,000 after acquiring an additional 313 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company's stock, valued at $3,313,424.85. The trade was a 71.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the completion of the transaction, the director now directly owns 22,545 shares of the company's stock, valued at approximately $4,903,988.40. This represents a 57.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 298,030 shares of company stock worth $59,433,406. Insiders own 5.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DASH. Citigroup reissued an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Morgan Stanley lowered their price objective on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Cantor Fitzgerald reissued an "overweight" rating and set a $210.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. Finally, Needham & Company LLC raised their price objective on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $210.21.

DoorDash Trading Up 1.1%

Shares of DASH opened at $218.96 on Friday. The stock has a market cap of $92.78 billion, a P/E ratio of 810.96 and a beta of 1.67. The company has a 50-day moving average of $196.51 and a two-hundred day moving average of $187.85. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $220.88.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results 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 company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share. As a group, analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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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