Atria Investments Inc Sells 399 Shares of DoorDash, Inc. (NASDAQ:DASH)

Atria Investments Inc decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,635 shares of the company’s stock after selling 399 shares during the period. Atria Investments Inc’s holdings in DoorDash were worth $1,518,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after purchasing an additional 3,425,115 shares during the last quarter. Dragoneer Investment Group LLC grew its stake in shares of DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of DoorDash by 595.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after acquiring an additional 763,579 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after acquiring an additional 739,961 shares during the period. Finally, Jupiter Asset Management Ltd. grew its stake in shares of DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after acquiring an additional 708,218 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 2.5 %

DASH stock opened at $169.43 on Friday. The firm has a market cap of $70.38 billion, a price-to-earnings ratio of -376.51, a PEG ratio of 14.79 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $92.56 and a twelve month high of $178.16. The business’s fifty day simple moving average is $149.01 and its two-hundred day simple moving average is $127.00.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. Research analysts expect that DoorDash, Inc. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DASH. Raymond James assumed coverage on DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective for the company. Barclays upped their price target on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price target on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley upped their price target on DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, DA Davidson upped their price target on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $164.03.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is currently owned by corporate insiders.

DoorDash 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.