Gotham Asset Management LLC Sells 5,469 Shares of DoorDash, Inc. (NASDAQ:DASH)

Gotham Asset Management LLC cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 40.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,098 shares of the company’s stock after selling 5,469 shares during the period. Gotham Asset Management LLC’s holdings in DoorDash were worth $1,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DASH. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at about $29,000. Denver PWM LLC bought a new stake in shares of DoorDash during the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the fourth quarter valued at about $34,000. IFP Advisors Inc increased its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Up 2.5%

Shares of DASH stock opened at $202.00 on Friday. The stock has a fifty day moving average of $186.03 and a 200 day moving average of $182.14. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The firm has a market capitalization of $84.86 billion, a price-to-earnings ratio of 748.15 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted ($0.06) earnings per share. The firm’s revenue was up 20.7% on a year-over-year basis. Equities research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Susquehanna upped their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. FBN Securities assumed coverage on shares of DoorDash in a research report on Friday, March 28th. They issued an “outperform” rating and a $230.00 price objective on the stock. Needham & Company LLC upped their price objective on shares of DoorDash from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Mizuho upped their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler restated a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.97.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction 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. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 1,398 shares of the firm’s 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 transaction, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. This represents a 8.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock valued at $30,407,073 over the last quarter. 5.83% of the stock is owned by company insiders.

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.