43,789 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Tri Ri Asset Management Corp

Tri Ri Asset Management Corp purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 43,789 shares of the company’s stock, valued at approximately $6,250,000. DoorDash makes up about 7.0% of Tri Ri Asset Management Corp’s portfolio, making the stock its 3rd largest position.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after acquiring an additional 82 shares during the period. Everhart Financial Group Inc. lifted its position in shares of DoorDash by 3.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after acquiring an additional 99 shares during the period. E Fund Management Co. Ltd. lifted its position in shares of DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after acquiring an additional 111 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of DoorDash by 21.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after acquiring an additional 117 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of DoorDash by 39.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $143.76, for a total value of $7,188,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,600,474.64. This represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. Insiders sold a total of 546,262 shares of company stock valued at $84,620,882 over the last ninety days. Insiders own 7.92% of the company’s stock.

DoorDash Price Performance

DASH opened at $178.44 on Friday. The firm has a 50 day simple moving average of $156.47 and a 200 day simple moving average of $130.31. DoorDash, Inc. has a fifty-two week low of $92.58 and a fifty-two week high of $181.30.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share. Analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

DASH has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 price target on shares of DoorDash in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their target price on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Piper Sandler upped their target price on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $166.06.

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.