DoorDash, Inc. (NASDAQ:DASH) is Catalyst Private Wealth LLC’s 5th Largest Position

Catalyst Private Wealth LLC trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,699 shares of the company’s stock after selling 38,304 shares during the quarter. DoorDash accounts for about 3.0% of Catalyst Private Wealth LLC’s portfolio, making the stock its 5th largest position. Catalyst Private Wealth LLC’s holdings in DoorDash were worth $6,660,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Rakuten Securities Inc. raised its stake in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the last quarter. Headlands Technologies LLC acquired a new position in DoorDash during the second quarter valued at $32,000. Meeder Asset Management Inc. boosted its holdings in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter worth about $36,000. Finally, Quest Partners LLC raised its stake in shares of DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after buying an additional 204 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the subject of several recent research reports. Needham & Company LLC lifted their price target on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. KeyCorp raised their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group upped their price objective on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Barclays raised their target price on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.30.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,525. This trade represents a 98.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,032,694 shares of company stock worth $177,406,286. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Down 1.0 %

DASH stock traded down $1.75 during trading on Monday, reaching $168.37. 1,862,436 shares of the stock were exchanged, compared to its average volume of 2,353,330. The business has a 50 day moving average price of $173.09 and a 200-day moving average price of $144.07. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The firm has a market capitalization of $69.94 billion, a price-to-earnings ratio of -374.16, a P/E/G ratio of 13.46 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) earnings per share. On average, research analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current year.

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.