DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $263.86, for a total value of $376,000.50. Following the completion of the sale, the chief financial officer owned 214,147 shares of the company's stock, valued at $56,504,827.42. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ravi Inukonda also recently made the following trade(s):
- On Wednesday, September 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $266.16, for a total value of $379,278.00.
- 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.
DoorDash Trading Down 3.7%
DASH traded down $9.66 during trading hours on Wednesday, reaching $252.31. The company's stock had a trading volume of 4,134,835 shares, compared to its average volume of 4,341,104. DoorDash, Inc. has a fifty-two week low of $150.26 and a fifty-two week high of $285.50. The stock has a market cap of $107.79 billion, a PE ratio of 140.17 and a beta of 1.71. The business's 50-day moving average is $259.45 and its 200-day moving average is $231.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same period in the prior year, the firm posted ($0.38) earnings per share. The firm's quarterly revenue was up 24.9% on a year-over-year basis. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have commented on DASH shares. Susquehanna upped their price target on DoorDash from $235.00 to $300.00 and gave the stock a "positive" rating in a research note on Monday, August 11th. Benchmark lifted their price objective on DoorDash from $260.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Truist Financial lifted their price objective on DoorDash from $272.00 to $326.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of DoorDash in a research note on Wednesday, October 8th. Finally, UBS Group lifted their price objective on DoorDash from $260.00 to $280.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $285.26.
Read Our Latest Research Report on DASH
Institutional Trading of DoorDash
A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. Saudi Central Bank acquired a new stake in shares of DoorDash during the first quarter worth about $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new position in shares of DoorDash during the 1st quarter worth approximately $27,000. GFG Capital LLC acquired a new position in shares of DoorDash during the 2nd quarter worth approximately $30,000. Finally, Harbour Investments Inc. raised its holdings in DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.
About DoorDash
(
Get Free Report)
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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