DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 11.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 173,664 shares of the company’s stock after acquiring an additional 18,100 shares during the quarter. Calamos Advisors LLC’s holdings in DoorDash were worth $29,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. lifted its holdings in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash during the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of DoorDash in the 3rd quarter valued at $54,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other DoorDash news, General Counsel Tia Sherringham sold 12,950 shares of DoorDash stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,201,241.00. Following the completion of the transaction, the general counsel now directly owns 145,917 shares of the company’s stock, valued at $24,802,971.66. The trade was a 8.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 115,432 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $265,515. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 over the last ninety days. Insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of several research reports. KeyCorp boosted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Wells Fargo & Company increased their target price on DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada boosted their price target on DoorDash from $175.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a research note on Thursday, January 2nd. Finally, Truist Financial upped their target price on shares of DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.39.

DoorDash Stock Up 1.0 %

NASDAQ:DASH opened at $190.80 on Tuesday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $192.78. The firm has a market cap of $79.26 billion, a PE ratio of -424.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.71. The company’s 50-day moving average price is $175.53 and its two-hundred day moving average price is $152.23.

DoorDash Company 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.