DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 46.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,254 shares of the company’s stock after selling 13,412 shares during the quarter. Aigen Investment Management LP’s holdings in DoorDash were worth $2,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its stake in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of DoorDash during the second quarter worth approximately $32,000. Meeder Asset Management Inc. grew its holdings in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the period. Versant Capital Management Inc grew its holdings in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the period. Finally, Quest Partners LLC grew its holdings in DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on DoorDash from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. DA Davidson lifted their target price on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, September 19th. Finally, UBS Group raised their price target on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.12.

DoorDash Stock Performance

DoorDash stock traded up $0.78 during midday trading on Tuesday, reaching $175.73. 279,248 shares of the company’s stock were exchanged, compared to its average volume of 3,818,427. DoorDash, Inc. has a 52 week low of $86.33 and a 52 week high of $176.38. The firm has a market cap of $73.00 billion, a price-to-earnings ratio of -388.78, a P/E/G ratio of 14.42 and a beta of 1.67. The stock’s 50-day simple moving average is $145.10 and its 200 day simple moving average is $125.75.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share. Research analysts forecast that DoorDash, Inc. will post 0.24 earnings per share for the current year.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the sale, the chief financial officer now directly owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other DoorDash news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the sale, the chief financial officer now directly owns 396,152 shares in the company, valued at $50,651,994.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 324,539 shares of company stock worth $46,439,330. Corporate insiders own 7.92% of the company’s stock.

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.