DoorDash, Inc. (NASDAQ:DASH) CFO Sells $3,102,063.78 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares in the company, valued at approximately $71,840,596.70. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00.
• 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 transaction of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $179.76, for a total transaction of $1,258,320.00.

DoorDash Stock Performance

DoorDash stock opened at $198.60 on Thursday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The company has a market capitalization of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. The company’s 50 day simple moving average is $183.84 and its 200-day simple moving average is $162.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its holdings in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC acquired a new position in DoorDash during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the 4th quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DASH shares. Roth Mkm lifted their target price on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research report on Thursday, February 6th. Cantor Fitzgerald boosted their price target on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Wolfe Research boosted their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, UBS Group boosted their price target on shares of DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Company 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.