Versant Capital Management Inc Raises Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Versant Capital Management Inc increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 185.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,570 shares of the company's stock after acquiring an additional 1,670 shares during the period. Versant Capital Management Inc's holdings in DoorDash were worth $470,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of DoorDash in the 4th quarter valued at about $597,443,000. Capital World Investors increased its holdings in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after acquiring an additional 1,869,866 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after acquiring an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of DoorDash in the 4th quarter valued at about $146,094,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent analyst reports. Wall Street Zen downgraded DoorDash from a "buy" rating to a "hold" rating in a report on Friday. FBN Securities started coverage on DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 price target on the stock. KeyCorp cut their price target on DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company cut their price target on DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Finally, DA Davidson lifted their target price on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.97.

Insider Transactions at DoorDash

In related news, insider Keith Yandell sold 5,410 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $204.53, for a total value of $1,106,507.30. Following the completion of the transaction, the insider now owns 104,922 shares of the company's stock, valued at approximately $21,459,696.66. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 14,715 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 338,055 shares of the company's stock, valued at $66,434,568.60. This represents a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,736 shares of company stock valued at $43,334,336 over the last quarter. Company insiders own 5.83% of the company's stock.

DoorDash Trading Up 0.4%

Shares of NASDAQ:DASH traded up $0.91 on Tuesday, hitting $213.70. The company had a trading volume of 4,265,144 shares, compared to its average volume of 4,200,023. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The business has a 50 day moving average of $189.43 and a 200 day moving average of $185.35. The company has a market cap of $90.55 billion, a PE ratio of 791.48 and a beta of 1.68.

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