PDT Partners LLC Sells 12,305 Shares of DoorDash, Inc. (NASDAQ:DASH)

PDT Partners LLC lowered its stake in DoorDash, Inc. (NASDAQ:DASH) by 24.2% during the 4th quarter, Holdings Channel reports. The firm owned 38,552 shares of the company’s stock after selling 12,305 shares during the quarter. DoorDash makes up about 0.6% of PDT Partners LLC’s holdings, making the stock its 11th biggest position. PDT Partners LLC’s holdings in DoorDash were worth $6,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. purchased a new stake in DoorDash during the fourth quarter valued at $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash during the 4th quarter valued at about $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash in the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc grew its position in DoorDash by 31.8% in the fourth 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DASH shares. Cantor Fitzgerald lowered their price target on DoorDash from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Wolfe Research raised their price objective on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Loop Capital increased their price target on DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Mizuho upped their price target on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $209.66.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $184.85, for a total value of $3,697,000.00. Following the completion of the transaction, the chief operating officer now owns 887,348 shares in the company, valued at $164,026,277.80. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,086 shares of company stock worth $30,127,884 in the last three months. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $187.88 on Tuesday. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company has a market cap of $78.93 billion, a PE ratio of 695.85 and a beta of 1.69. The business has a 50-day simple moving average of $185.58 and a two-hundred day simple moving average of $178.49.

DoorDash 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.