Alcosta Capital Management Inc. Makes New $4.97 Million Investment in DoorDash, Inc. (NASDAQ:DASH)

Alcosta Capital Management Inc. purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,624 shares of the company’s stock, valued at approximately $4,969,000. DoorDash makes up about 2.9% of Alcosta Capital Management Inc.’s portfolio, making the stock its 17th largest position.

A number of other large investors have also recently modified their holdings of DASH. Pittenger & Anderson Inc. bought a new stake in DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC bought a new stake in shares of DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash in the fourth quarter worth about $34,000. ORG Wealth Partners LLC bought a new position in DoorDash during the 4th quarter worth about $36,000. Finally, IFP Advisors Inc grew its holdings in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the transaction, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now directly owns 122,135 shares of the company’s stock, valued at $24,848,365.75. The trade was a 9.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,523 shares of company stock valued at $47,227,120. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wolfe Research upped their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Benchmark upped their target price on DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. UBS Group increased their target price on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Mizuho boosted their price target on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wedbush raised their price objective on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.29.

DoorDash Price Performance

NASDAQ:DASH opened at $163.16 on Friday. The company has a 50 day moving average price of $191.90 and a 200-day moving average price of $173.77. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The firm has a market cap of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69.

DoorDash Company Profile

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.