Insider Selling: DoorDash (NASDAQ:DASH) CFO Sells $3,666,856.20 in Stock

Key Points

• DoorDash CFO Ravi Inukonda sold 16,044 shares at an average price of $228.55, generating $3.67 million. The Rule 10b5-1 transaction reduced his direct ownership by 6.86% to 217,911 shares.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year, though adjusted earnings of $0.46 per share narrowly missed estimates. Shares opened at $222, with a market capitalization of approximately $96.2 billion.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $254.97 price target. Recent growth initiatives include expanding retail delivery and advertising partnerships, while Walmart’s restaurant-delivery push could increase competitive pressure.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 16,044 shares of DoorDash stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.55, for a total transaction of $3,666,856.20. Following the transaction, the chief financial officer directly owned 217,911 shares of the company's stock, valued at approximately $49,803,559.05. This trade represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Ravi Inukonda sold 19,505 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10.
• 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 Price Performance

Shares of NASDAQ:DASH opened at $222.00 on Friday. The company has a market capitalization of $96.19 billion, a PE ratio of 116.23 and a beta of 1.79. The business has a fifty day moving average price of $203.24 and a 200-day moving average price of $178.31. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. The business's revenue for the quarter was up 35.6% on a year-over-year basis. As a group, equities analysts expect that DoorDash, Inc. will post 2.49 EPS for the current fiscal year.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt initiated coverage with a Strong Buy rating, adding a favorable analyst view to DoorDash’s outlook and potentially supporting the stock’s valuation. Rosenblatt initiates coverage of DoorDash
• Positive Sentiment: DoorDash expanded its merchant and advertising ecosystem. Gap and Kohl’s are among retailers adding DoorDash delivery, while a partnership with Circana will provide independent validation of advertising-driven sales. Better measurement could make DoorDash’s retail-media business more attractive to consumer packaged goods advertisers. Retailers adding DoorDash delivery Circana and DoorDash advertising partnership
• Positive Sentiment: A new Live Nation partnership is designed to create food and fan-experience opportunities around live events, potentially adding engagement and order volume beyond DoorDash’s traditional restaurant business. DoorDash and Live Nation partnership
• Neutral Sentiment: Sands Capital Select Growth Fund sold its DoorDash position during the second quarter. The transaction may raise questions about institutional conviction, although it does not necessarily reflect DoorDash’s current operating outlook. Sands Capital sold DoorDash shares
• Negative Sentiment: Walmart is entering restaurant delivery through a new Dunkin’ partnership. The move could intensify competition with DoorDash and Uber Eats, particularly if Walmart uses its scale, customer base or delivery network to gain share. Walmart expands restaurant delivery
• Negative Sentiment: Multiple reports of problematic driver behavior and disputes over driver pay create potential reputational, customer-retention and regulatory risks, although the incidents appear isolated and DoorDash has removed or banned drivers involved in some cases. DoorDash delivery complaint DoorDash driver pay dispute

Institutional Trading of DoorDash

Several hedge funds have recently bought and sold shares of DASH. MV Capital Management Inc. bought a new stake in shares of DoorDash in the fourth quarter worth about $26,000. Washington Trust Advisors Inc. boosted its stake in DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after buying an additional 64 shares during the last quarter. Swiss RE Ltd. bought a new position in DoorDash during the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in DoorDash during the 4th quarter valued at approximately $32,000. Finally, Sunbelt Securities Inc. grew its holdings in DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

DASH has been the topic of a number of analyst reports. BTIG Research reaffirmed a "buy" rating and set a $225.00 price objective on shares of DoorDash in a research report on Thursday, August 6th. Guggenheim reiterated a "buy" rating and issued a $255.00 price target on shares of DoorDash in a research report on Tuesday, June 23rd. Raymond James Financial reissued a "buy" rating on shares of DoorDash in a research note on Thursday. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of DoorDash in a research report on Thursday, August 6th. Finally, Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.97.

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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