Ravi Inukonda Sells 15,945 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 15,945 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $199.90, for a total value of $3,187,405.50. Following the completion of the transaction, the chief financial officer now owns 393,533 shares of the company’s stock, valued at approximately $78,667,246.70. This represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, May 27th, Ravi Inukonda sold 14,296 shares of DoorDash stock. The shares were sold at an average price of $205.54, for a total value of $2,938,399.84.
• On Friday, April 25th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $187.22, for a total value of $266,788.50.
• On Monday, March 24th, Ravi Inukonda sold 14,715 shares of DoorDash stock. The shares were sold at an average price of $196.52, for a total value of $2,891,791.80.

DoorDash Stock Performance

Shares of DASH stock opened at $206.14 on Friday. The firm has a market cap of $87.35 billion, a P/E ratio of 763.48 and a beta of 1.68. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The business’s 50 day moving average price is $189.04 and its 200-day moving average price is $184.90.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. As a group, equities analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DASH. The Goldman Sachs Group raised their price target on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Wall Street Zen cut DoorDash from a “buy” rating to a “hold” rating in a report on Friday. Susquehanna raised their price target on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of DoorDash in a report on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their price target on DoorDash from $201.00 to $198.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Saudi Central Bank purchased a new position in shares of DoorDash in the 1st quarter valued at approximately $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash in the 1st quarter valued at approximately $26,000. Pacific Center for Financial Services purchased a new position in shares of DoorDash in the 1st quarter valued at approximately $27,000. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $29,000. Finally, Denver PWM LLC purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.