DoorDash, Inc. $DASH Stock Bought by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC increased its DoorDash stake by 777.7% in the third quarter, purchasing 27,492 additional shares and bringing its holdings to 31,027 shares valued at approximately $5.7 million. Institutional investors collectively own 90.64% of the company.
• Wall Street remains broadly positive on DoorDash, with a consensus rating of “Moderate Buy” and an average price target of $254.95. However, the stock’s valuation is elevated, with a reported price-to-earnings ratio near 100.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above analyst expectations, but earnings per share of $0.46 narrowly missed the $0.47 consensus estimate.

Frank Rimerman Advisors LLC raised its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 777.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,027 shares of the company's stock after buying an additional 27,492 shares during the period. Frank Rimerman Advisors LLC's holdings in DoorDash were worth $5,695,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Washington Trust Advisors Inc. grew its holdings in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock worth $26,000 after acquiring an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in shares of DoorDash by 2.7% during the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company's stock worth $465,000 after purchasing an additional 67 shares during the period. V Square Quantitative Management LLC raised its position in shares of DoorDash by 3.3% during the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company's stock worth $349,000 after purchasing an additional 74 shares during the period. Rehmann Capital Advisory Group raised its position in shares of DoorDash by 8.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company's stock worth $251,000 after purchasing an additional 82 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in shares of DoorDash by 8.4% during the third quarter. AdvisorNet Financial Inc now owns 1,339 shares of the company's stock valued at $246,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of DoorDash in a report on Thursday, August 6th. Rosenblatt Securities began coverage on DoorDash in a research note on Tuesday, September 1st. They issued a "buy" rating and a $270.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on DoorDash from $255.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Sanford C. Bernstein restated an "outperform" rating on shares of DoorDash in a report on Thursday, September 3rd. Finally, Guggenheim reaffirmed a "buy" rating and set a $255.00 price objective on shares of DoorDash in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $254.95.

DoorDash Stock Performance

Shares of DASH stock opened at $189.15 on Friday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $269.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $81.96 billion, a price-to-earnings ratio of 99.03 and a beta of 1.90. The stock's fifty day simple moving average is $204.83 and its 200-day simple moving average is $183.93.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly 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 business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm's quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is broadening its marketplace in Australia through a partnership with Woolworths Group’s BIG W, adding more than 35,000 everyday products with delivery potentially within 60 minutes. The expansion could increase order frequency beyond restaurants. BIG W Lands on DoorDash App
• Positive Sentiment: The company is promoting its consumer reach through a new apparel-delivery relationship with SKIMS and by publishing its 2026 list of leading pizzerias. These initiatives support DoorDash’s strategy of becoming a broader local-commerce platform, although their near-term financial impact is unclear. DoorDash Delivers SKIMS
• Neutral Sentiment: DoorDash continues to receive broad analyst support, with the referenced coverage citing a “Moderate Buy” consensus and an average price target of $254.95. However, the stock’s valuation remains demanding, with a reported P/E ratio near 100.
• Negative 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 only 0.46%, limiting its significance, but it follows larger sales earlier in the year and may add modest pressure to sentiment. DoorDash CFO Stock Sale
• Negative Sentiment: Recent reports describe lawsuits alleging sexual assault by DoorDash delivery drivers, a driver robbery, and an alleged shooting involving a delivery driver. These incidents are not evidence of company-wide operating failures, but they raise reputational, safety, insurance and potential litigation concerns. Jupiter Woman Sues DoorDash
• Negative Sentiment: Customer complaints involving a chatbot allegedly offering and then denying a refund, along with viral reports of stolen or mishandled orders, could hurt perceptions of customer service and platform reliability. These stories are unlikely to materially change fundamentals alone but contribute to negative news flow. DoorDash Customer Refund Complaint

Insider Activity at DoorDash

In other news, Director Andy Fang sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the completion of the sale, the chief operating officer directly owned 930,211 shares of the company's stock, valued at $215,585,701.36. This trade represents a 5.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 393,998 shares of company stock worth $85,861,330. Company insiders own 44.90% of the company's stock.

DoorDash Company Profile

DoorDash, Inc NASDAQ: DASH operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH - Free Report).

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.