Key Points
- DoorDash CFO Ravi Inukonda sold 16,044 shares for approximately $3.67 million at an average price of $228.55, reducing his holdings by 6.86% to 217,911 shares. The sale was conducted under a pre-arranged Rule 10b5-1 plan.
- DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above estimates, but earnings per share of $0.46 narrowly missed expectations and declined from the prior-year period.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and average price target of $254.97, although the stock’s roughly 111 price-to-earnings ratio and rising competition from Walmart present risks.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 16,044 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.55, for a total transaction of $3,666,856.20. Following the completion of the sale, the chief financial officer owned 217,911 shares of the company's stock, valued at approximately $49,803,559.05. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ravi Inukonda also recently made the following trade(s):
- On Thursday, August 20th, Ravi Inukonda sold 19,505 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10.
- On Wednesday, July 8th, Ravi Inukonda sold 19,095 shares of DoorDash stock. The shares were sold at an average price of $188.04, for a total value of $3,590,623.80.
DoorDash Stock Performance
Shares of DASH opened at $211.73 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $91.74 billion, a price-to-earnings ratio of 110.85 and a beta of 1.79. The stock has a 50 day moving average of $203.81 and a 200 day moving average of $178.55. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the business posted $0.65 earnings per share. The business's revenue was up 35.6% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.49 earnings per share for the current year.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
- Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
- Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
- Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
- Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
- Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.
Analysts Set New Price Targets
DASH has been the topic of a number of research analyst reports. Argus set a $190.00 price target on shares of DoorDash in a report on Thursday, June 11th. KeyCorp decreased their price objective on shares of DoorDash from $280.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Jefferies Financial Group lifted their price objective on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Roth Capital boosted their target price on shares of DoorDash from $200.00 to $220.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Finally, Raymond James Financial reissued a "buy" rating on shares of DoorDash in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $254.97.
Get Our Latest Stock Report on DASH
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock valued at $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC lifted its holdings in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock valued at $1,486,000 after purchasing an additional 285 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock valued at $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in DoorDash during the second quarter worth about $222,000. Institutional investors own 90.64% of the company's stock.
DoorDash Company Profile
(
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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