DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. cut its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 36.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,602 shares of the company's stock after selling 97,127 shares during the quarter. Panagora Asset Management Inc.'s holdings in DoorDash were worth $16,475,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Versor Investments LP bought a new position in DoorDash during the 3rd quarter worth approximately $556,000. Assenagon Asset Management S.A. grew its position in DoorDash by 1,725.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company's stock worth $110,082,000 after acquiring an additional 1,052,198 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $769,000. Angeles Investment Advisors LLC purchased a new position in shares of DoorDash in the 3rd quarter valued at approximately $336,000. Finally, Bank of Nova Scotia lifted its stake in shares of DoorDash by 685.9% in the 3rd quarter. Bank of Nova Scotia now owns 46,751 shares of the company's stock valued at $3,715,000 after purchasing an additional 40,802 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 700 shares of the firm's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total transaction of $99,120.00. Following the sale, the director now directly owns 70,111 shares in the company, valued at approximately $9,927,717.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Shona L. Brown sold 700 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the transaction, the director now directly owns 70,111 shares in the company, valued at $9,927,717.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. Insiders sold a total of 415,698 shares of company stock valued at $56,026,819 over the last three months. Corporate insiders own 9.59% of the company's stock.

DoorDash Trading Up 1.1 %

DoorDash stock traded up $1.27 during trading on Friday, reaching $117.43. The company had a trading volume of 3,717,102 shares, compared to its average volume of 5,267,831. The firm's 50-day simple moving average is $129.45 and its 200 day simple moving average is $113.60. DoorDash, Inc. has a 52 week low of $62.83 and a 52 week high of $143.34. The firm has a market capitalization of $48.02 billion, a price-to-earnings ratio of -108.73, a price-to-earnings-growth ratio of 39.35 and a beta of 1.78.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.41) earnings per share. On average, analysts predict that DoorDash, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DASH shares. Roth Mkm lowered their target price on DoorDash from $121.00 to $118.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. Truist Financial lowered their target price on DoorDash from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. UBS Group lowered their target price on DoorDash from $123.00 to $118.00 and set a "neutral" rating for the company in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on DoorDash from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Finally, Susquehanna boosted their target price on DoorDash from $110.00 to $135.00 and gave the stock a "positive" rating in a report on Tuesday, February 20th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, DoorDash has an average rating of "Moderate Buy" and a consensus price target of $132.28.

DoorDash 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.