Ravi Inukonda Sells 1,425 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $169.32, for a total value of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $179.76, for a total transaction of $1,258,320.00.
• On Wednesday, November 20th, Ravi Inukonda sold 14,219 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $2,416,945.62.

DoorDash Stock Performance

Shares of DASH stock opened at $185.78 on Thursday. The stock has a market cap of $77.17 billion, a PE ratio of -412.84, a P/E/G ratio of 1.85 and a beta of 1.71. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $186.79. The stock has a fifty day moving average price of $174.76 and a 200 day moving average price of $150.11.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the firm earned ($0.19) EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, equities research analysts predict that DoorDash, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DASH shares. Loop Capital raised their price objective on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets lifted their price target on DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group lifted their target price on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of DoorDash in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $178.18.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently modified their holdings of DASH. MBB Public Markets I LLC acquired a new position in shares of DoorDash during the 2nd quarter worth approximately $2,160,000. The Manufacturers Life Insurance Company raised its holdings in shares of DoorDash by 13.6% in the second quarter. The Manufacturers Life Insurance Company now owns 65,706 shares of the company’s stock worth $7,146,000 after acquiring an additional 7,853 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of DoorDash by 4.6% in the second quarter. Mackenzie Financial Corp now owns 18,073 shares of the company’s stock valued at $1,966,000 after acquiring an additional 789 shares in the last quarter. Scientech Research LLC purchased a new stake in DoorDash during the 2nd quarter worth about $302,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in DoorDash in the 2nd quarter valued at about $6,005,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

About DoorDash

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.