DoorDash, Inc. $DASH Stock Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its DoorDash stake by 372% in the third quarter, acquiring 2.47 million additional shares and bringing its holdings to 3.14 million shares valued at approximately $575.9 million. Institutional investors collectively own 90.64% of the company.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above analyst expectations, though earnings per share of $0.46 narrowly missed consensus. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $254.95.
• Insiders sold nearly 394,000 shares worth $85.9 million over the past three months, including significant sales by CEO Tony Xu and director Andy Fang under pre-arranged trading plans.

Assenagon Asset Management S.A. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 372.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,137,719 shares of the company's stock after acquiring an additional 2,472,980 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.72% of DoorDash worth $575,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. MV Capital Management Inc. bought a new stake in DoorDash during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. boosted its position in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock worth $26,000 after purchasing an additional 64 shares during the period. CENTRAL TRUST Co boosted its position in shares of DoorDash by 269.4% in the first quarter. CENTRAL TRUST Co now owns 266 shares of the company's stock worth $40,000 after purchasing an additional 194 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of DoorDash in the first quarter worth $55,000. Finally, Triumph Capital Management increased its stake in shares of DoorDash by 2,212.5% in the third quarter. Triumph Capital Management now owns 370 shares of the company's stock worth $68,000 after purchasing an additional 354 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Up 4.9%

DoorDash stock opened at $193.05 on Friday. The stock has a market cap of $83.65 billion, a P/E ratio of 101.07 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm's 50 day moving average price is $205.38 and its 200-day moving average price is $183.89.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. DoorDash's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, equities analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 15,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total transaction of $3,424,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 29,567 shares of DoorDash stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. This trade represents a 95.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 393,998 shares of company stock worth $85,861,330. Insiders own 44.90% of the company's stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash partnered with Woolworths Group to bring BIG W to its Australian marketplace, offering more than 35,000 everyday products with delivery potentially within 60 minutes. The deal broadens DoorDash’s retail assortment and could increase order frequency beyond food delivery. BIG W Lands on DoorDash App
• Positive Sentiment: The company began delivering SKIMS products, adding a high-profile apparel partner to its expanding non-food commerce business. The collaboration may improve consumer awareness of DoorDash’s convenience-delivery capabilities. DoorDash Now Delivers SKIMS
• Positive Sentiment: Investors purchased 35,208 DASH call options, roughly 256% above typical daily call volume. The activity signals increased near-term bullish speculation, although options flows can be volatile and do not guarantee sustained buying.
• Positive Sentiment: DoorDash’s 2026 best-pizzeria campaign generated additional visibility for the platform and participating restaurants. While primarily promotional, it reinforces DoorDash’s consumer and merchant engagement. DoorDash Names Its Top Pizza Spots
• Neutral Sentiment: CFO Ravi Inukonda sold 1,017 shares for approximately $198,315 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by just 0.46%, limiting its significance, though repeated executive selling may attract investor attention. DoorDash CFO Stock Sale
• Negative Sentiment: A woman reportedly sued DoorDash, alleging that a delivery driver assaulted her after a vodka delivery. The claim could create legal costs and reputational risk, although the report does not establish liability. Woman Sues DoorDash

Analyst Upgrades and Downgrades

Several analysts have recently commented on DASH shares. Bank of America restated a "buy" rating on shares of DoorDash in a research report on Thursday, August 6th. KeyCorp dropped their target price on shares of DoorDash from $280.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Piper Sandler reiterated a "neutral" rating and issued a $220.00 price target (up from $205.00) on shares of DoorDash in a research note on Thursday, August 6th. Needham & Company LLC reissued a "buy" rating and set a $265.00 price target on shares of DoorDash in a report on Thursday, August 6th. Finally, Benchmark raised their price target on DoorDash from $270.00 to $295.00 in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.95.

DoorDash Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.