DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 19,505 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the completion of the sale, the chief financial officer owned 232,938 shares of the company's stock, valued at approximately $51,390,781.56. This trade represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Ravi Inukonda also recently made the following trade(s):
- On Wednesday, July 8th, Ravi Inukonda sold 19,095 shares of DoorDash stock. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80.
DoorDash Stock Performance
DASH opened at $236.74 on Friday. The company has a market cap of $102.58 billion, a P/E ratio of 123.95 and a beta of 1.78. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The firm's 50-day moving average price is $199.10 and its 200-day moving average price is $176.81. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.
DoorDash (NASDAQ:DASH - Get Free Report) last released 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 company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm's revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.
Trending Headlines about DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
- Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
- Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
- Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
- Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
- Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident
Institutional Trading of DoorDash
A number of hedge funds have recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in DoorDash in the fourth quarter valued at $26,000. Washington Trust Advisors Inc. increased its stake in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after purchasing an additional 64 shares in the last quarter. Swiss RE Ltd. purchased a new position in DoorDash during the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in DoorDash during the fourth quarter worth approximately $32,000. Finally, Sunbelt Securities Inc. grew its holdings in DoorDash by 124.1% in 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 during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DASH has been the subject of a number of research reports. Guggenheim reaffirmed a "buy" rating and set a $255.00 price target on shares of DoorDash in a research report on Tuesday, June 23rd. Barclays lowered shares of DoorDash from an "equal weight" rating to a "strong sell" rating in a research report on Monday, August 24th. Susquehanna raised their target price on shares of DoorDash from $225.00 to $250.00 and gave the stock a "positive" rating in a report on Friday, August 7th. Piper Sandler reaffirmed a "neutral" rating and set a $220.00 price target (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Finally, BTIG Research reiterated a "buy" rating and set a $225.00 price objective on shares of DoorDash in a research note on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.53.
Check Out Our Latest Analysis on DASH
About DoorDash
(
Get Free Report)
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.
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