Key Points
- DoorDash CFO Ravi Inukonda sold 1,017 shares at an average price of $195, generating $198,315. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 0.46% to 217,911 shares.
- DoorDash shares opened at $184.01, with the stock down 4.7%; the company has a market capitalization of approximately $79.7 billion. Its latest quarterly revenue rose 35.6% year over year to $4.45 billion, though EPS of $0.46 narrowly missed estimates.
- Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $254.95. Institutional investors own approximately 90.64% of DoorDash’s shares.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 1,017 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $195.00, for a total value of $198,315.00. Following the completion of the transaction, the chief financial officer owned 217,911 shares in the company, valued at $42,492,645. This trade represents a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ravi Inukonda also recently made the following trade(s):
- On Tuesday, September 1st, Ravi Inukonda sold 16,044 shares of DoorDash stock. The stock was sold at an average price of $228.55, for a total value of $3,666,856.20.
- 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.
DoorDash Stock Down 4.7%
Shares of DoorDash stock opened at $184.01 on Thursday. The firm has a market cap of $79.73 billion, a price-to-earnings ratio of 96.34 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The stock has a 50-day simple moving average of $205.78 and a 200-day simple moving average of $183.57.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company's quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities research analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have commented on DASH shares. Raymond James Financial reissued a "buy" rating on shares of DoorDash in a research report on Thursday, September 3rd. Susquehanna raised their price target on shares of DoorDash from $225.00 to $250.00 and gave the company a "positive" rating in a report on Friday, August 7th. Needham & Company LLC restated a "buy" rating and set a $265.00 price target on shares of DoorDash in a report on Thursday, August 6th. The Goldman Sachs Group reduced their price objective on shares of DoorDash from $280.00 to $275.00 in a research note on Thursday, August 6th. Finally, Truist Financial lifted their price objective on shares of DoorDash from $330.00 to $336.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.95.
Get Our Latest Stock Report on DASH
Institutional Investors Weigh In On DoorDash
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Birchbrook Inc. grew its holdings in DoorDash by 20,000.0% during the third quarter. Birchbrook Inc. now owns 402 shares of the company's stock valued at $74,000 after purchasing an additional 400 shares during the last quarter. Mather Group LLC. lifted its stake in shares of DoorDash by 620.9% in the third quarter. Mather Group LLC. now owns 6,229 shares of the company's stock worth $1,143,000 after buying an additional 5,365 shares during the last quarter. Godsey & Gibb Inc. boosted its holdings in shares of DoorDash by 1,510,137.1% during the 3rd quarter. Godsey & Gibb Inc. now owns 528,583 shares of the company's stock worth $97,021,000 after buying an additional 528,548 shares during the period. Western Financial Corp CA grew its stake in DoorDash by 447.3% in the 3rd quarter. Western Financial Corp CA now owns 6,557 shares of the company's stock valued at $1,204,000 after buying an additional 5,359 shares during the last quarter. Finally, Triumph Capital Management grew its stake in DoorDash by 2,212.5% in the 3rd quarter. Triumph Capital Management now owns 370 shares of the company's stock valued at $68,000 after buying an additional 354 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.
More DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash is partnering with Woolworths Group to bring BIG W to its Australian marketplace, offering more than 35,000 everyday products with delivery in as little as 60 minutes. The agreement expands DoorDash’s retail selection and supports its strategy of increasing order frequency beyond restaurant delivery. BIG W Lands on DoorDash App
- Positive Sentiment: DoorDash launched an on-demand delivery collaboration with SKIMS, giving customers access to apparel and related products. The partnership, supported by Kim Kardashian-focused marketing, could improve consumer awareness of DoorDash’s non-food offerings. SKIMS and DoorDash Partnership
- Positive Sentiment: DoorDash is expanding into Geraldton, Kalgoorlie and Horsham in Australia, indicating continued investment in regional coverage and potential long-term marketplace growth. DoorDash Regional Australian Expansion
DoorDash Company Profile
(
Get Free Report)
DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.
DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.
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