Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CFO Sells 14,296 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 14,296 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $205.54, for a total value of $2,938,399.84. Following the completion of the transaction, the chief financial officer now owns 380,037 shares of the company's stock, valued at $78,112,804.98. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, May 20th, Ravi Inukonda sold 15,945 shares of DoorDash stock. The shares were sold at an average price of $199.90, for a total value of $3,187,405.50.
• On Friday, April 25th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $187.22, for a total value of $266,788.50.
• On Monday, March 24th, Ravi Inukonda sold 14,715 shares of DoorDash stock. The shares were sold at an average price of $196.52, for a total value of $2,891,791.80.

DoorDash Trading Up 0.4%

NASDAQ DASH traded up $0.91 on Tuesday, hitting $213.70. 4,271,729 shares of the company traded hands, compared to its average volume of 4,205,720. The company has a market capitalization of $90.55 billion, a price-to-earnings ratio of 791.48 and a beta of 1.68. The business's 50 day moving average price is $189.43 and its 200-day moving average price is $185.35. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last released its 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. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. DoorDash's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share. As a group, sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Hedge Funds Weigh In On DoorDash

Several large investors have recently made changes to their positions in DASH. Brighton Jones LLC lifted its position in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of DoorDash in the fourth quarter valued at about $508,000. Flagship Harbor Advisors LLC purchased a new position in shares of DoorDash in the fourth quarter valued at about $240,000. Blue Trust Inc. lifted its position in shares of DoorDash by 37.0% in the fourth quarter. Blue Trust Inc. now owns 3,250 shares of the company's stock valued at $545,000 after acquiring an additional 877 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of DoorDash by 23.0% in the fourth quarter. KBC Group NV now owns 50,492 shares of the company's stock valued at $8,470,000 after acquiring an additional 9,454 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Roth Mkm increased their target price on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Roth Capital set a $191.00 price target on DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Needham & Company LLC upped their price target on DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.97.

About DoorDash

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.