DoorDash, Inc. $DASH Shares Bought by Varma Mutual Pension Insurance Co

Key Points

• Varma Mutual Pension Insurance Co raised its stake in DoorDash by 12.9% in Q4 to 67,400 shares, increasing its holding to about $15.265 million.
• Insider sales totaled 43,933 shares (~$7.14M) in the past 90 days, including COO Prabir Adarkar (10,000 shares at $188.34) and director Stanley Tang (21,433 shares at $150); insiders now own 5.83% of the company.
• DoorDash reported Q4 revenue of $3.96 billion (up 37.7% YoY) but missed EPS at $0.48 versus $0.58 expected; the stock trades with a $74.97 billion market cap and a consensus price target of $259.31 ("Moderate Buy").

Varma Mutual Pension Insurance Co raised its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,400 shares of the company's stock after acquiring an additional 7,700 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in DoorDash were worth $15,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its holdings in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Eastern Bank lifted its holdings in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in DoorDash during the 4th quarter worth about $29,000. Sunbelt Securities Inc. lifted its stake in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after buying an additional 67 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in DoorDash during the third quarter valued at about $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Prabir Adarkar sold 10,000 shares of the company's stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the transaction, the chief operating officer owned 843,678 shares in the company, valued at $158,898,314.52. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director owned 19,279 shares in the company, valued at $2,891,850. This represents a 52.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 43,933 shares of company stock worth $7,135,413 in the last 90 days. Company insiders own 5.83% of the company's stock.

DoorDash Price Performance

Shares of DASH opened at $172.57 on Tuesday. The company has a market capitalization of $74.97 billion, a price-to-earnings ratio of 81.40 and a beta of 1.87. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The business's 50-day moving average is $167.00 and its 200-day moving average is $199.09.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.10). The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. DoorDash's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Equities research analysts expect that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $275.00 target price on shares of DoorDash in a report on Thursday, February 19th. Evercore set a $300.00 target price on shares of DoorDash in a report on Thursday, February 19th. KeyCorp raised their target price on shares of DoorDash from $275.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. Citizens Jmp decreased their target price on shares of DoorDash from $285.00 to $250.00 and set a "market outperform" rating for the company in a report on Friday, February 20th. Finally, Moffett Nathanson set a $276.00 target price on shares of DoorDash in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $259.31.

About DoorDash

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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