Insider Selling: DoorDash (NASDAQ:DASH) CFO Sells 1,425 Shares of Stock

Key Points

• DoorDash's CFO, Ravi Inukonda, sold 1,425 shares of the company's stock for approximately $379,278, reducing his position by 0.66% to a total of 214,772 shares worth over $57 million.
• The stock is currently trading at around $262.47, having seen a market capitalization of $112.13 billion and significant trading volume compared to its average.
• DoorDash recently beat earnings estimates for the quarter, reporting $0.65 EPS, with revenue up 24.9% year-over-year at $3.28 billion.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $266.16, for a total value of $379,278.00. Following the transaction, the chief financial officer owned 214,772 shares in the company, valued at $57,163,715.52. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, August 26th, Ravi Inukonda sold 13,891 shares of DoorDash stock. The shares were sold at an average price of $247.22, for a total value of $3,434,133.02.
• On Friday, July 25th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $244.78, for a total value of $348,811.50.
• On Monday, June 30th, Ravi Inukonda sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $247.00, for a total value of $4,940,000.00.

DoorDash Trading Up 0.1%

DASH traded up $0.39 on Friday, hitting $262.47. 1,601,654 shares of the company were exchanged, compared to its average volume of 4,500,384. The stock has a market capitalization of $112.13 billion, a PE ratio of 145.82 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $140.53 and a 12 month high of $278.15. The firm has a fifty day simple moving average of $252.27 and a two-hundred day simple moving average of $220.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company posted ($0.38) earnings per share. The firm's revenue was up 24.9% on a year-over-year basis. Sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded DoorDash from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. Roth Capital increased their price objective on DoorDash from $191.00 to $225.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Bank of America increased their price objective on DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. DA Davidson raised their price objective on DoorDash from $190.00 to $260.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their price target on shares of DoorDash from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $271.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. GFG Capital LLC acquired a new stake in DoorDash in the second quarter valued at approximately $30,000. Saudi Central Bank purchased a new stake in DoorDash during the first quarter worth about $25,000. WPG Advisers LLC purchased a new position in DoorDash during the first quarter valued at approximately $26,000. Pacific Center for Financial Services bought a new stake in DoorDash during the first quarter valued at approximately $27,000. Finally, Harbour Investments Inc. raised its holdings in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after buying an additional 70 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Company 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.

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