DoorDash, Inc. (NASDAQ:DASH) CFO Sells $2,891,791.80 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 14,715 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the sale, the chief financial officer now owns 338,055 shares of the company’s stock, valued at $66,434,568.60. This trade represents a 4.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Ravi Inukonda also recently made the following trade(s):

• On Thursday, February 20th, Ravi Inukonda sold 15,198 shares of DoorDash stock. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78.
• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00.
• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $169.32, for a total value of $1,185,240.00.

DoorDash Trading Down 3.4 %

NASDAQ DASH opened at $192.87 on Thursday. The stock has a 50-day moving average of $191.37 and a 200-day moving average of $171.21. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The firm has a market cap of $81.02 billion, a PE ratio of 714.33 and a beta of 1.70.

Institutional Trading of DoorDash

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of DoorDash by 234.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,990 shares of the company’s stock worth $6,541,000 after buying an additional 27,330 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of DoorDash in the fourth quarter valued at about $16,876,000. Centaurus Financial Inc. bought a new position in shares of DoorDash during the fourth quarter valued at about $137,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of DoorDash during the fourth quarter worth about $41,951,000. Finally, Employees Retirement System of Texas grew its stake in shares of DoorDash by 22.0% in the fourth quarter. Employees Retirement System of Texas now owns 47,529 shares of the company’s stock worth $7,973,000 after purchasing an additional 8,577 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DASH shares. Cantor Fitzgerald increased their price objective on shares of DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Benchmark lifted their price target on DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Wedbush boosted their price target on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $206.52.

About DoorDash

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.