DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 14,219 shares of DoorDash stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $2,416,945.62. Following the sale, the chief financial officer now owns 380,993 shares in the company, valued at $64,761,190.14. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ravi Inukonda also recently made the following trade(s):
DoorDash stock traded up $4.07 during midday trading on Friday, hitting $177.24. 3,231,646 shares of the stock were exchanged, compared to its average volume of 3,800,685. The company has a 50 day moving average price of $152.69 and a two-hundred day moving average price of $128.46. The firm has a market cap of $73.63 billion, a P/E ratio of -385.88, a P/E/G ratio of 14.82 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $92.56 and a 1 year high of $178.16.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company's revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. As a group, analysts predict that DoorDash, Inc. will post 0.24 EPS for the current year.
Several equities research analysts have recently weighed in on DASH shares. Piper Sandler increased their price objective on DoorDash from $125.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Wedbush reiterated a "neutral" rating and issued a $115.00 target price on shares of DoorDash in a research note on Friday, August 2nd. Redburn Atlantic assumed coverage on shares of DoorDash in a research report on Friday, July 26th. They issued a "buy" rating and a $170.00 price objective on the stock. Loop Capital raised their target price on shares of DoorDash from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.03.
View Our Latest Research Report on DoorDash
Several institutional investors and hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. grew its holdings in DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company's stock worth $16,012,000 after acquiring an additional 10,755 shares in the last quarter. Marshall Wace LLP grew its stake in DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company's stock worth $73,534,000 after purchasing an additional 610,388 shares in the last quarter. Forsta AP Fonden increased its holdings in DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock valued at $9,206,000 after buying an additional 10,100 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Finally, CWM LLC lifted its holdings in DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company's stock worth $1,528,000 after buying an additional 5,273 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
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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