DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,133,828 shares of the company's stock after selling 58,300 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.27% of DoorDash worth $206,833,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the period. ORG Partners LLC raised its stake in shares of DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after buying an additional 202 shares during the period. Rothschild Investment LLC raised its stake in shares of 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 buying an additional 247 shares during the period. Mizuho Securities Co. Ltd. raised its stake in shares of DoorDash by 150.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after buying an additional 180 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of 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 buying an additional 313 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. KeyCorp reduced their target price on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus set a $198.00 target price on DoorDash and gave the stock a "hold" rating in a research note on Tuesday, June 10th. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Finally, JMP Securities upped their target price on DoorDash from $225.00 to $235.00 and gave the stock a "market outperform" rating in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $214.76.

DoorDash Trading Up 1.1%

NASDAQ:DASH traded up $2.68 during trading hours on Friday, hitting $242.32. The company had a trading volume of 7,323,728 shares, compared to its average volume of 4,213,649. The company has a 50-day moving average of $206.04 and a 200 day moving average of $191.43. The company has a market cap of $102.68 billion, a P/E ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $242.63.

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

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 1,248 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total transaction of $289,161.60. Following the completion of the transaction, the director now directly owns 45,213 shares in the company, valued at approximately $10,475,852.10. This represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total value of $12,619,652.89. Following the transaction, the chief operating officer now owns 942,554 shares of the company's stock, valued at approximately $191,027,419.18. This represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,552 shares of company stock worth $63,965,566. 5.83% of the stock is currently owned by company insiders.

DoorDash 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.