Catalyst Funds Management Pty Ltd Invests $4.14 Million in DoorDash, Inc. (NASDAQ:DASH)

Catalyst Funds Management Pty Ltd bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,700 shares of the company’s stock, valued at approximately $4,143,000. DoorDash accounts for about 1.0% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 19th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of DoorDash by 25.0% in the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock valued at $12,958,000 after buying an additional 18,155 shares during the period. Assetmark Inc. lifted its holdings in DoorDash by 17.4% in the third quarter. Assetmark Inc. now owns 3,519 shares of the company’s stock valued at $502,000 after acquiring an additional 522 shares during the period. Venturi Wealth Management LLC boosted its position in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after purchasing an additional 119 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of DoorDash during the 3rd quarter worth approximately $219,000. Finally, GSA Capital Partners LLP grew its stake in shares of DoorDash by 93.2% during the 3rd quarter. GSA Capital Partners LLP now owns 7,690 shares of the company’s stock worth $1,098,000 after purchasing an additional 3,710 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 522,062 shares of company stock valued at $92,218,440. 7.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on DASH shares. Wedbush increased 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. Barclays increased their target price on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. UBS Group lifted their price target on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna increased their price target on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company boosted their price objective on DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Stock Up 2.9 %

DASH stock opened at $183.50 on Friday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The stock has a market cap of $77.09 billion, a price-to-earnings ratio of 679.63 and a beta of 1.70. The business has a fifty day moving average of $187.99 and a two-hundred day moving average of $167.24.

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.