DoorDash, Inc. (NASDAQ:DASH) CFO Sells $4,940,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 20,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $247.00, for a total transaction of $4,940,000.00. Following the transaction, the chief financial officer directly owned 245,530 shares in the company, valued at approximately $60,645,910. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, June 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $231.70, for a total transaction of $330,172.50.
• On Tuesday, May 27th, Ravi Inukonda sold 14,296 shares of DoorDash stock. The stock was sold at an average price of $205.54, for a total value of $2,938,399.84.
• On Tuesday, May 20th, Ravi Inukonda sold 15,945 shares of DoorDash stock. The stock was sold at an average price of $199.90, for a total transaction 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 transaction of $266,788.50.

DoorDash Trading Down 0.0%

DoorDash stock traded down $0.05 during midday trading on Friday, hitting $238.76. The stock had a trading volume of 1,699,692 shares, compared to its average volume of 4,237,419. The firm's fifty day moving average is $210.94 and its two-hundred day moving average is $193.08. The company has a market capitalization of $101.17 billion, a PE ratio of 310.08 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) EPS. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Roth Capital set a $191.00 price objective on DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. KeyCorp dropped their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Evercore ISI reissued an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Finally, Citigroup reiterated an "outperform" rating on shares of DoorDash in a research note on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $219.32.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DASH. Brighton Jones LLC boosted its stake in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. IFP Advisors Inc grew its position in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in DoorDash by 4.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,140 shares of the company's stock worth $1,030,000 after buying an additional 248 shares during the period. US Bancorp DE boosted its holdings in shares of DoorDash by 2.4% in the fourth quarter. US Bancorp DE now owns 33,905 shares of the company's stock valued at $5,688,000 after purchasing an additional 783 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of DoorDash by 58.6% during the fourth quarter. Metis Global Partners LLC now owns 6,178 shares of the company's stock valued at $1,036,000 after buying an additional 2,283 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.