DoorDash, Inc. (NASDAQ:DASH) Shares Sold by TenCore Partners LP

TenCore Partners LP lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,824 shares of the company's stock after selling 9,836 shares during the period. DoorDash makes up about 7.3% of TenCore Partners LP's portfolio, making the stock its 7th biggest position. TenCore Partners LP's holdings in DoorDash were worth $14,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. GeoWealth Management LLC increased its stake in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc raised its position in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of DoorDash by 34.0% in the fourth 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 in the last quarter. Avestar Capital LLC lifted its position in shares of DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after purchasing an additional 75 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

Shares of NASDAQ DASH traded down $0.41 during mid-day trading on Wednesday, hitting $204.77. The company had a trading volume of 5,672,233 shares, compared to its average volume of 4,182,204. The stock has a market cap of $86.77 billion, a price-to-earnings ratio of 758.41 and a beta of 1.68. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The firm's 50 day simple moving average is $186.86 and its two-hundred day simple moving average is $182.99.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the business earned ($0.06) earnings per share. The company's revenue 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 year.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the sale, the chief financial officer now directly owns 337,430 shares in the company, valued at approximately $63,173,644.60. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. The trade was a 71.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock worth $30,407,073 in the last quarter. 5.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on DASH shares. Truist Financial lifted their price objective on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Evercore ISI restated an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. DA Davidson increased their price target on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Oppenheimer reiterated a "hold" rating on shares of DoorDash in a research report on Monday, March 10th. Finally, Roth Mkm raised their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $209.97.

DoorDash Company 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.