DoorDash, Inc. (NASDAQ:DASH) CFO Sells $3,102,063.78 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was 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 stock was sold at an average price of $169.32, for a total transaction of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $179.76, for a total transaction of $1,258,320.00.

DoorDash Trading Up 3.8 %

Shares of NASDAQ DASH opened at $198.60 on Thursday. The stock has a market cap of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.24. The company’s 50-day moving average price is $183.84 and its 200 day moving average price is $162.54.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently added to or reduced their stakes in DASH. Rakuten Securities Inc. boosted its stake in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash during the 4th quarter worth about $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the 4th quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash during the 4th quarter worth about $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the 4th quarter worth about $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DASH. Morgan Stanley increased their price target on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wolfe Research increased their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Wedbush increased their price target on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Barclays upped their price objective on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC upped their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.