DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Cut by Spyglass Capital Management LLC

Spyglass Capital Management LLC lowered its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 546,239 shares of the company's stock after selling 6,955 shares during the period. DoorDash comprises about 5.2% of Spyglass Capital Management LLC's investment portfolio, making the stock its 4th biggest holding. Spyglass Capital Management LLC owned approximately 0.13% of DoorDash worth $91,632,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash in the 4th quarter worth about $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the 4th quarter worth about $34,000. IFP Advisors Inc lifted its position in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 14,715 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $196.52, for a total value of $2,891,791.80. Following the transaction, the chief financial officer now owns 338,055 shares of the company's stock, valued at approximately $66,434,568.60. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the completion of the transaction, the chief operating officer now directly owns 887,348 shares in the company, valued at $164,674,041.84. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,612 shares of company stock valued at $18,808,326 over the last 90 days. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Stock Down 1.9%

NASDAQ:DASH traded down $3.90 during trading hours on Thursday, hitting $200.87. 3,168,977 shares of the stock traded hands, compared to its average volume of 4,183,605. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The company has a market cap of $85.12 billion, a price-to-earnings ratio of 743.96 and a beta of 1.68. The stock has a 50 day moving average price of $187.29 and a 200 day moving average price of $183.14.

DoorDash (NASDAQ:DASH - Get Free Report) last issued 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. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The company's revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DASH shares. The Goldman Sachs Group lifted their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Roth Capital set a $191.00 price target on shares of DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Benchmark lifted their price target on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Mizuho lifted their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, DA Davidson lifted their target price on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $209.97.

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.