Cache Advisors LLC Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Cache Advisors LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,605 shares of the company's stock, valued at approximately $1,947,000.

Other institutional investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. purchased a new position in DoorDash in the 4th quarter worth about $29,000. Denver PWM LLC acquired a new stake in DoorDash during the 4th quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the 4th quarter worth about $34,000. IFP Advisors Inc lifted its holdings in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

DASH has been the subject of several analyst reports. Mizuho boosted their target price on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Morgan Stanley lowered their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price target on DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

Insider Activity

In related news, CFO Ravi Inukonda sold 14,715 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the sale, the chief financial officer now owns 338,055 shares of the company's stock, valued at approximately $66,434,568.60. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares in the company, valued at $3,313,424.85. The trade was a 71.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,612 shares of company stock worth $18,808,326. Corporate insiders own 5.83% of the company's stock.

DoorDash Trading Down 0.6%

DoorDash stock traded down $1.26 during mid-day trading on Tuesday, hitting $204.89. The stock had a trading volume of 5,322,567 shares, compared to its average volume of 4,196,607. The firm's 50 day moving average is $188.24 and its 200 day moving average is $184.20. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The firm has a market capitalization of $86.82 billion, a P/E ratio of 758.85 and a beta of 1.68.

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, beating the consensus estimate of $0.39 by $0.05. The firm had revenue of $3.03 billion for 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 business's revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

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.