DoorDash (NASDAQ:DASH) CFO Ravi Inukonda Sells 19,505 Shares of Stock

Key Points

• DoorDash CFO Ravi Inukonda sold 19,505 shares at an average price of $220.62, generating approximately $4.3 million. The sale covered tax withholding tied to vested equity awards, and he retained 232,938 shares.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above estimates, but adjusted EPS of $0.46 fell just short of the $0.47 consensus.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $254.53 price target, although recent targets and ratings have been mixed, including Barclays’ “strong sell” downgrade.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 19,505 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the sale, the chief financial officer owned 232,938 shares of the company's stock, valued at approximately $51,390,781.56. The trade was a 7.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ravi Inukonda also recently made the following trade(s):

• On Wednesday, July 8th, Ravi Inukonda sold 19,095 shares of DoorDash stock. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80.

DoorDash Trading Up 2.1%

Shares of NASDAQ DASH opened at $236.74 on Friday. The company has a market cap of $102.58 billion, a price-to-earnings ratio of 123.95 and a beta of 1.78. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock's 50 day simple moving average is $199.10 and its 200 day simple moving average is $176.81.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.DoorDash's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. Equities research analysts expect that DoorDash, Inc. will post 2.45 EPS for the current year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

Analysts Set New Price Targets

A number of research firms have recently weighed in on DASH. KeyCorp cut their price target on DoorDash from $280.00 to $275.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Wedbush raised their target price on DoorDash from $205.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, August 20th. Roth Capital raised their target price on DoorDash from $200.00 to $220.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. The Goldman Sachs Group set a $280.00 target price on DoorDash in a research note on Thursday, May 7th. Finally, Barclays lowered DoorDash from an "equal weight" rating to a "strong sell" rating in a research report on Monday. Twenty-three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $254.53.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC boosted its stake in DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company's stock valued at $222,000 after purchasing an additional 60 shares in the last quarter. Vise Technologies Inc. increased its position in shares of DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company's stock valued at $796,000 after purchasing an additional 63 shares during the period. Washington Trust Advisors Inc. raised its stake in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock worth $26,000 after buying an additional 64 shares in the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company's stock worth $465,000 after buying an additional 67 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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