DoorDash, Inc. $DASH Stock Sold by Provident Investment Management Inc.

Provident Investment Management Inc. lessened its stake in DoorDash, Inc. (NASDAQ:DASH) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,440 shares of the company’s stock after selling 3,707 shares during the quarter. DoorDash accounts for 1.7% of Provident Investment Management Inc.’s investment portfolio, making the stock its 23rd largest position. Provident Investment Management Inc.’s holdings in DoorDash were worth $16,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JCP Investment Management LLC acquired a new position in DoorDash during the first quarter worth about $991,000. Plato Investment Management Ltd purchased a new position in DoorDash in the second quarter valued at about $1,024,000. Quantinno Capital Management LP increased its holdings in DoorDash by 4.9% in the first quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock valued at $98,363,000 after buying an additional 30,881 shares in the last quarter. Godsey & Gibb Inc. increased its holdings in DoorDash by 1,510,137.1% in the third quarter. Godsey & Gibb Inc. now owns 528,583 shares of the company’s stock valued at $97,021,000 after buying an additional 528,548 shares in the last quarter. Finally, Monetta Financial Services Inc. acquired a new stake in shares of DoorDash during the 2nd quarter valued at approximately $1,015,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Potential Instacart deal: DoorDash is reportedly among the companies discussing a possible acquisition of Instacart, which is valued at approximately $12 billion. A transaction could strengthen DoorDash’s position in grocery and local commerce, although the report does not indicate that a deal is imminent and any acquisition would carry financing, integration and regulatory risks. Instacart explores potential sale, holds talks with Uber and DoorDash
• Positive Sentiment: Analyst support: BTIG Research assigned DoorDash a Buy rating, providing a positive signal for investor sentiment and reinforcing the view that the company’s local-commerce expansion and growth prospects remain attractive. DoorDash earns Buy rating from BTIG Research
• Neutral Sentiment: Mixed consumer-stock comparison: An investor comparison described Airbnb as having a strong travel-market position while highlighting DoorDash’s rapid revenue growth and expansion beyond restaurant delivery. The article does not provide a new company-specific catalyst. Airbnb vs. DoorDash: Which Consumer Stock Is a Better Buy in 2026?
• Neutral Sentiment: Operational and reputational headlines: Reports described a DoorDash driver being killed in California, another driver and a family member being ambushed, and an unrelated criminal investigation in which cleaning supplies were allegedly ordered through DoorDash. These incidents could increase scrutiny of driver and platform safety, but they currently appear unlikely to materially affect financial results. Arrest made after California DoorDash driver found dead in Tesla trunk
• Negative Sentiment: Increasing competition: A new rival reportedly offers lower menu prices, while Grubhub’s co-founder has returned with a delivery service featuring a $1 fee. Lower pricing and aggressive fee competition could pressure DoorDash’s order volumes, merchant economics and margins. DoorDash and Uber Eats have a new rival offering lower menu prices
• Negative Sentiment: Delivery-worker dissatisfaction: Online debate over $1 and $2 tips highlights ongoing challenges around driver pay and service costs, issues that could affect driver retention, customer satisfaction and platform pricing. DoorDash driver calls low tips pathetic

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DASH. Jefferies Financial Group boosted their price target on DoorDash from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Moffett Nathanson lowered their price target on DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a research note on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of DoorDash in a report on Thursday, August 6th. Finally, Cantor Fitzgerald reduced their price objective on DoorDash from $260.00 to $240.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $254.95.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $179.38 on Monday. The stock has a market cap of $77.73 billion, a price-to-earnings ratio of 93.92 and a beta of 1.90. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $269.00. The company’s 50-day moving average price is $202.18 and its 200 day moving average price is $185.36. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business’s revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. As a group, research analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $195.00, for a total value of $198,315.00. Following the sale, the chief financial officer directly owned 217,911 shares in the company, valued at $42,492,645. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the completion of the sale, the chief operating officer owned 921,473 shares in the company, valued at $166,648,392.05. This represents a 0.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 393,998 shares of company stock valued at $85,861,330. 44.90% of the stock is owned by company insiders.

DoorDash Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.