RDST Capital LLC Acquires 235,985 Shares of DoorDash, Inc. $DASH

RDST Capital LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 176.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 369,520 shares of the company’s stock after acquiring an additional 235,985 shares during the quarter. DoorDash accounts for approximately 5.3% of RDST Capital LLC’s investment portfolio, making the stock its 12th biggest position. RDST Capital LLC’s holdings in DoorDash were worth $55,483,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Eastern Bank raised its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of DoorDash during the 4th quarter worth approximately $26,000. Swiss RE Ltd. acquired a new position in shares of DoorDash during the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. acquired a new position in shares of DoorDash during the 4th quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of DoorDash during the fourth quarter worth approximately $32,000. 90.64% of the stock is owned by institutional investors.

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 582 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total value of $103,048.92. Following the sale, the director owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed 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, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $191.19, for a total value of $4,421,268.75. 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 sold 74,927 shares of company stock valued at $13,241,532. Corporate insiders own 5.83% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $195.52 on Wednesday. The firm has a 50 day moving average of $173.47 and a 200-day moving average of $175.12. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $85.19 billion, a PE ratio of 93.11 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. On average, equities research analysts predict that DoorDash, Inc. will post 2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the subject of a number of analyst reports. KeyCorp dropped their price target on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of DoorDash in a research report on Thursday, May 7th. Zacks Research lowered DoorDash from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Truist Financial dropped their price objective on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

DoorDash Profile

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.