DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 16.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,432 shares of the company's stock after selling 12,477 shares during the period. Calamos Wealth Management LLC's holdings in DoorDash were worth $11,776,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of DoorDash by 36.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after purchasing an additional 512 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in DoorDash by 66.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock valued at $208,000 after purchasing an additional 495 shares in the last quarter. GAMMA Investing LLC grew its stake in DoorDash by 70.4% in the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock valued at $351,000 after purchasing an additional 794 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in DoorDash by 14.4% in the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after purchasing an additional 206 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

NASDAQ:DASH traded up $8.10 during trading hours on Monday, reaching $246.89. The company had a trading volume of 5,708,387 shares, compared to its average volume of 4,249,591. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74. The business's 50 day moving average price is $211.96 and its 200-day moving average price is $193.89. The firm has a market cap of $104.62 billion, a PE ratio of 320.64 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The business's revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. On average, analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent analyst reports. Raymond James Financial upgraded shares of DoorDash from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $215.00 to $260.00 in a report on Monday, June 23rd. Roth Capital set a $191.00 target price on shares of DoorDash and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wall Street Zen raised shares of DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Benchmark increased their price objective on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Needham & Company LLC raised their price objective on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $220.53.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $247.00, for a total value of $4,940,000.00. Following the sale, the chief financial officer directly owned 245,530 shares of the company's stock, valued at approximately $60,645,910. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony Xu sold 44,244 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24. Following the completion of the sale, the chief executive officer owned 520,450 shares of the company's stock, valued at $114,868,519.50. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,781 shares of company stock valued at $94,277,848. Insiders own 5.83% of the company's stock.

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.