4,397 Shares in DoorDash, Inc. $DASH Purchased by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 4,397 shares of the company’s stock, valued at approximately $660,000.

Several other institutional investors have also added to or reduced their stakes in DASH. Keel Point LLC raised its holdings in shares of DoorDash by 4.3% during the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after acquiring an additional 58 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in DoorDash by 6.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after purchasing an additional 60 shares during the last quarter. Vise Technologies Inc. increased its position in DoorDash by 1.8% in the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after purchasing an additional 63 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in DoorDash by 7.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock valued at $222,000 after purchasing an additional 64 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DASH. Argus set a $190.00 price objective on shares of DoorDash in a research note on Thursday, June 11th. Stifel Nicolaus lowered their price target on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a report on Monday, April 13th. Susquehanna dropped their price target on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Moffett Nathanson set a $276.00 price objective on DoorDash in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group set a $280.00 price objective on DoorDash in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.11.

Insider Buying and Selling at DoorDash

In other news, General Counsel Tia Sherringham sold 2,743 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares in the company, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75. Following the transaction, the chief operating officer owned 959,076 shares of the company’s stock, valued at approximately $148,896,549. The trade was a 2.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 42,707 shares of company stock valued at $7,113,039. 5.83% of the stock is owned by company insiders.

DoorDash Price Performance

DoorDash stock opened at $192.01 on Monday. The firm has a 50-day moving average price of $165.99 and a 200-day moving average price of $180.23. The firm has a market capitalization of $83.66 billion, a PE ratio of 91.43 and a beta of 1.78. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.41 EPS for the current year.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.