CYBER HORNET ETFs LLC Acquires 10,809 Shares of DoorDash, Inc. $DASH

Key Points

• CYBER HORNET ETFs LLC increased its DoorDash position by 1,052.5% in the second quarter, purchasing 10,809 shares and bringing its total holdings to 11,836 shares valued at approximately $2.1 million.
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, exceeding estimates, but its $0.46 quarterly EPS narrowly missed expectations and declined from the prior year.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $254.97, though elevated valuation, insider selling, and intensifying competition pose risks.

CYBER HORNET ETFs LLC lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,052.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,836 shares of the company's stock after purchasing an additional 10,809 shares during the quarter. DoorDash accounts for about 0.7% of CYBER HORNET ETFs LLC's portfolio, making the stock its 21st biggest position. CYBER HORNET ETFs LLC's holdings in DoorDash were worth $2,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MV Capital Management Inc. acquired a new stake in DoorDash during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. boosted its holdings in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after buying an additional 64 shares during the period. Swiss RE Ltd. bought a new stake in DoorDash in the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new stake in DoorDash in the 4th quarter valued at $32,000. Finally, Sunbelt Securities Inc. boosted its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock worth $33,000 after purchasing an additional 67 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Ravi Inukonda sold 19,505 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the completion of the sale, the chief financial officer directly owned 232,938 shares in the company, valued at approximately $51,390,781.56. This trade represents a 7.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tony Xu sold 29,567 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $230.00, for a total value of $6,800,410.00. Following the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 95.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 384,553 shares of company stock worth $83,609,490. Insiders own 44.90% of the company's stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
• Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
• Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
• Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
• Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
• Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.

DoorDash Stock Performance

Shares of DoorDash stock opened at $211.73 on Monday. The stock has a market cap of $91.74 billion, a P/E ratio of 110.85 and a beta of 1.79. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The business's 50 day moving average is $203.81 and its 200-day moving average is $178.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. DoorDash's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. Equities research analysts predict that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DASH shares. BTIG Research reiterated a "buy" rating and set a $225.00 target price on shares of DoorDash in a report on Thursday, August 6th. TD Cowen upped their price target on DoorDash from $225.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of DoorDash in a research note on Friday, August 7th. Piper Sandler reiterated a "neutral" rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Finally, Truist Financial boosted their price objective on shares of DoorDash from $330.00 to $336.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $254.97.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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