DoorDash, Inc. $DASH Stake Lowered by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC cut its DoorDash stake by 40.7% in Q4, selling 8,609 shares and leaving 12,559 shares worth about $2.84M, while institutional investors collectively own 90.64% of DASH.
• Analysts are mixed but the MarketBeat consensus is a "Moderate Buy" with an average price target of $259.31; notable recent moves include Bank of America raising its target to $272 and firms like UBS and Wells Fargo trimming theirs into the low $200s.
• Insiders have been net sellers recently — the COO sold 10,000 shares and insiders sold a total of 89,406 shares worth about $16.64M last quarter, leaving insiders with 5.83% ownership.

Sanctuary Advisors LLC lessened its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,559 shares of the company's stock after selling 8,609 shares during the period. Sanctuary Advisors LLC's holdings in DoorDash were worth $2,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DASH. Physician Wealth Advisors Inc. lifted its stake in shares of 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 purchasing an additional 71 shares during the last quarter. Eastern Bank lifted its stake in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of DoorDash in the 3rd quarter valued at $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DoorDash in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 90.64% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on DASH. The Goldman Sachs Group set a $267.00 price objective on shares of DoorDash in a research note on Monday, February 2nd. Bank of America lifted their price objective on shares of DoorDash from $260.00 to $272.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Cantor Fitzgerald reduced their price objective on shares of DoorDash from $285.00 to $230.00 and set an "overweight" rating for the company in a research note on Thursday, February 19th. UBS Group reduced their price objective on shares of DoorDash from $240.00 to $206.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Wells Fargo & Company reduced their price objective on shares of DoorDash from $221.00 to $198.00 and set an "equal weight" rating for the company in a research note on Monday, March 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $259.31.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: SNAP benefits accepted at Kroger via DoorDash — expands grocery addressable market and could lift order volume from lower‑income households. Article Title
• Positive Sentiment: DoorDash for Business launches Meal Manager — product aimed at simplifying office dining could increase recurring, higher‑margin corporate spend. Article Title
• Positive Sentiment: Rally House launches on DoorDash — expands non-food retail/merchandise available on the platform, diversifying GMV beyond restaurants. Article Title
• Neutral Sentiment: Local / human‑interest coverage (e.g., “DoorDash of foster care”) provides PR but limited direct financial impact. Article Title
• Neutral Sentiment: Market commentary pieces explain today’s move and recap catalysts — useful for sentiment tracking but not new fundamentals. Article Title
• Negative Sentiment: UBS cut its price target from $240 to $206 and moved to a “neutral” rating — lowers analyst endorsement and could cap near‑term upside despite a still-positive implied premium. Article Title
• Negative Sentiment: Reported app outage affected thousands of users — short‑term order disruption and reliability concerns that can pressure near‑term volume and sentiment. Article Title
• Negative Sentiment: Driver safety incident (carjacking/shooting during a delivery) raises operational and PR risk, which can influence regulatory scrutiny and driver retention. Article Title

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 10,000 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the sale, the chief operating officer owned 843,678 shares of the company's stock, valued at $158,898,314.52. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares in the company, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 89,406 shares of company stock valued at $16,639,624 over the last quarter. 5.83% of the stock is owned by company insiders.

DoorDash Stock Performance

NASDAQ DASH opened at $175.83 on Friday. The stock has a market cap of $76.39 billion, a P/E ratio of 82.94 and a beta of 1.88. The company's 50-day simple moving average is $167.00 and its 200 day simple moving average is $200.10. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH - Get Free Report) last posted 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 the consensus estimate of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The business's revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. As a group, research analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

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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