DoorDash, Inc. (NASDAQ:DASH – Get Free Report) CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total transaction of $916,650.00. Following the transaction, the chief financial officer now directly owns 384,425 shares of the company’s stock, valued at approximately $50,340,453.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ravi Inukonda also recently made the following trade(s):
- On Thursday, March 28th, Ravi Inukonda sold 5,000 shares of DoorDash stock. The shares were sold at an average price of $138.98, for a total transaction of $694,900.00.
DoorDash Stock Down 10.3 %
DASH stock traded down $13.15 during mid-day trading on Thursday, reaching $114.31. The company had a trading volume of 22,133,461 shares, compared to its average volume of 3,878,332. The stock has a market capitalization of $46.18 billion, a P/E ratio of -78.87, a P/E/G ratio of 14.38 and a beta of 1.78. DoorDash, Inc. has a one year low of $60.36 and a one year high of $143.34. The stock’s 50-day simple moving average is $132.16 and its two-hundred day simple moving average is $109.84.
Analyst Ratings Changes
A number of research analysts have recently commented on DASH shares. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and upped their price objective for the company from $90.00 to $130.00 in a research note on Monday, January 8th. Susquehanna increased their target price on shares of DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Tuesday, February 20th. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of DoorDash in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.40.
View Our Latest Stock Analysis on DoorDash
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after purchasing an additional 2,259,976 shares during the period. Baillie Gifford & Co. increased its holdings in shares of DoorDash by 6.4% during the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after purchasing an additional 772,977 shares during the period. Capital World Investors grew its holdings in DoorDash by 0.6% during the fourth quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock worth $929,145,000 after acquiring an additional 60,033 shares during the period. First Trust Advisors LP grew its holdings in DoorDash by 45.6% during the fourth quarter. First Trust Advisors LP now owns 3,079,083 shares of the company’s stock worth $304,490,000 after acquiring an additional 964,860 shares during the period. Finally, Norges Bank acquired a new position in DoorDash during the fourth quarter worth about $264,806,000. 90.64% of the stock is owned by institutional investors and hedge funds.
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.
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