1,215 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,215 shares of the company's stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of DoorDash by 14.4% during the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock valued at $299,000 after purchasing an additional 206 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of DoorDash by 70.4% during the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock valued at $351,000 after purchasing an additional 794 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of DoorDash by 43.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company's stock valued at $1,682,000 after purchasing an additional 3,013 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of DoorDash by 9.3% during the first quarter. Park Avenue Securities LLC now owns 10,017 shares of the company's stock valued at $1,831,000 after purchasing an additional 850 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of research analyst reports. Loop Capital reaffirmed a "buy" rating on shares of DoorDash in a report on Tuesday. Oppenheimer increased their target price on DoorDash from $220.00 to $280.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Needham & Company LLC increased their target price on DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. BTIG Research increased their target price on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Finally, JMP Securities increased their target price on DoorDash from $235.00 to $250.00 and gave the company a "market outperform" rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $226.97.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total value of $10,929,732.90. Following the completion of the sale, the director directly owned 26,070 shares of the company's stock, valued at $6,274,788.30. This trade represents a 63.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 34,167 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $236.80, for a total value of $8,090,745.60. Following the completion of the sale, the chief executive officer directly owned 520,450 shares of the company's stock, valued at $123,242,560. The trade was a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 463,198 shares of company stock worth $102,674,831. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Up 1.8%

NASDAQ DASH traded up $4.15 during trading on Friday, hitting $239.17. 3,407,357 shares of the stock traded hands, compared to its average volume of 4,215,665. The company has a market capitalization of $101.35 billion, a P/E ratio of 310.61 and a beta of 1.70. The firm has a 50-day simple moving average of $220.61 and a 200-day simple moving average of $197.89. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. As a group, research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash Profile

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.