BluePointe Capital Management LLC Purchases Shares of 1,485 DoorDash, Inc. (NASDAQ:DASH)

BluePointe Capital Management LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,485 shares of the company's stock, valued at approximately $271,000.

Several other hedge funds have also modified their holdings of the stock. GeoWealth Management LLC raised its stake in DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after buying an additional 51 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after buying an additional 86 shares in the last quarter. LVW Advisors LLC raised its stake in DoorDash by 6.1% in the first quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock valued at $273,000 after buying an additional 86 shares in the last quarter. CVA Family Office LLC raised its stake in DoorDash by 12.7% in the first quarter. CVA Family Office LLC now owns 774 shares of the company's stock valued at $141,000 after buying an additional 87 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in DoorDash by 4.8% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock valued at $388,000 after buying an additional 105 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

NASDAQ:DASH traded up $2.90 during mid-day trading on Friday, reaching $237.92. The stock had a trading volume of 2,559,040 shares, compared to its average volume of 4,212,503. The firm has a market capitalization of $100.82 billion, a price-to-earnings ratio of 308.99 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74. The business has a 50 day simple moving average of $220.61 and a 200 day simple moving average of $197.89.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.06) EPS. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of analyst reports. Needham & Company LLC raised their price target on DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada restated an "outperform" rating and issued a $230.00 price target on shares of DoorDash in a research note on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. JPMorgan Chase & Co. cut their price target on DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group dropped their price objective on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average target price of $226.97.

Insider Buying and Selling at DoorDash

In other news, Director Shona L. Brown sold 1,250 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $244.99, for a total transaction of $306,237.50. Following the sale, the director owned 44,302 shares of the company's stock, valued at $10,853,546.98. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total value of $7,219,800.00. Following the sale, the director directly owned 22,545 shares in the company, valued at $5,425,679.70. This trade represents a 57.09% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 463,198 shares of company stock worth $102,674,831. Corporate insiders own 5.83% of the company's stock.

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.