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

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was 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 stock was 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 value of $1,258,320.00.

DoorDash Stock Down 2.0 %

NASDAQ DASH traded down $4.07 during trading hours on Monday, hitting $195.87. The company had a trading volume of 3,366,324 shares, compared to its average volume of 3,432,195. The firm has a market cap of $82.28 billion, a P/E ratio of 725.44 and a beta of 1.72. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The business has a fifty day simple moving average of $182.56 and a 200-day simple moving average of $161.31.

Institutional Trading of DoorDash

A number of large investors have recently modified their holdings of DASH. GeoWealth Management LLC grew its position in DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after purchasing an additional 51 shares during the last quarter. IFP Advisors Inc grew its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares during the period. Avestar Capital LLC raised its stake in DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after acquiring an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DASH shares. KeyCorp raised their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Truist Financial boosted their price objective on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. DA Davidson increased their target price on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wolfe Research upped their price target on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Oppenheimer lifted their price objective on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

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.