Ravi Inukonda Sells 14,715 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 14,715 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the transaction, the chief financial officer now owns 338,055 shares in the company, valued at $66,434,568.60. The trade was a 4.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, February 20th, Ravi Inukonda sold 15,198 shares of DoorDash stock. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78.
• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were 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 value of $1,185,240.00.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $194.02 on Friday. The firm has a market capitalization of $81.51 billion, a price-to-earnings ratio of 718.59 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The business’s 50 day simple moving average is $191.84 and its 200-day simple moving average is $171.37.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wedbush lifted their target price on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. KeyCorp boosted their price objective on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Oppenheimer reissued a “hold” rating on shares of DoorDash in a report on Monday, March 10th. The Goldman Sachs Group increased their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their price objective on DoorDash from $155.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $206.52.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently made changes to their positions in the business. GeoWealth Management LLC boosted its stake in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after acquiring an additional 51 shares during the last quarter. IFP Advisors Inc grew its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the period. Avestar Capital LLC boosted its position in shares of DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after buying an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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.