Catalyst Private Wealth LLC Sells 3,526 Shares of DoorDash, Inc. (NASDAQ:DASH)

Catalyst Private Wealth LLC lessened its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,173 shares of the company's stock after selling 3,526 shares during the quarter. DoorDash makes up 3.2% of Catalyst Private Wealth LLC's holdings, making the stock its 5th biggest position. Catalyst Private Wealth LLC's holdings in DoorDash were worth $6,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DASH. Norges Bank bought a new position in shares of DoorDash in the fourth quarter valued at about $597,443,000. Capital World Investors lifted its stake in shares of DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after buying an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after buying an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of DoorDash during the 4th quarter worth about $146,094,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Performance

Shares of DoorDash stock traded up $4.14 during midday trading on Monday, hitting $212.79. 4,526,386 shares of the company traded hands, compared to its average volume of 4,199,655. The stock has a market cap of $90.17 billion, a price-to-earnings ratio of 788.11 and a beta of 1.68. The firm's fifty day moving average price is $189.04 and its 200-day moving average price is $185.05. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm posted ($0.06) EPS. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 5,410 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $204.53, for a total transaction of $1,106,507.30. Following the sale, the insider now directly owns 104,922 shares of the company's stock, valued at $21,459,696.66. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 14,296 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $205.54, for a total transaction of $2,938,399.84. Following the completion of the sale, the chief financial officer now directly owns 380,037 shares in the company, valued at approximately $78,112,804.98. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,736 shares of company stock valued at $43,334,336 in the last ninety days. 5.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DASH. Morgan Stanley cut their target price on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Cantor Fitzgerald restated an "overweight" rating and set a $210.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. Wall Street Zen cut shares of DoorDash from a "buy" rating to a "hold" rating in a research note on Friday. Finally, KeyCorp cut their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $209.97.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.