DoorDash, Inc. $DASH Stock Sold by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC lowered its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,083 shares of the company’s stock after selling 4,788 shares during the quarter. DoorDash makes up about 2.3% of Catalyst Private Wealth LLC’s investment portfolio, making the stock its 11th largest position. Catalyst Private Wealth LLC’s holdings in DoorDash were worth $5,522,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SC US Ttgp LTD. boosted its holdings in DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after acquiring an additional 506,358 shares during the last quarter. Janus Henderson Group PLC increased its position in DoorDash by 40.2% in the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock worth $1,159,377,000 after purchasing an additional 2,225,954 shares during the period. Sands Capital Management LLC raised its holdings in DoorDash by 11.8% during the 4th quarter. Sands Capital Management LLC now owns 4,496,607 shares of the company’s stock worth $1,018,392,000 after purchasing an additional 473,316 shares during the last quarter. Temasek Holdings Private Ltd raised its holdings in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock worth $519,744,000 after purchasing an additional 1,145,078 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in DoorDash by 18.4% during the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after purchasing an additional 536,080 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Loop Capital upped their target price on shares of DoorDash from $225.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Jefferies Financial Group lifted their price target on shares of DoorDash from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. UBS Group reissued a “buy” rating and set a $295.00 price target on shares of DoorDash in a research note on Tuesday, September 8th. Cantor Fitzgerald cut their price objective on shares of DoorDash from $260.00 to $240.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Citigroup restated a “market outperform” rating on shares of DoorDash in a report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $254.95.

DoorDash Trading Down 0.6%

Shares of DASH stock traded down $1.15 on Tuesday, reaching $193.09. The company had a trading volume of 2,172,770 shares, compared to its average volume of 4,616,988. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $83.67 billion, a PE ratio of 101.09 and a beta of 1.90. The company has a 50-day moving average of $206.43 and a 200-day moving average of $183.06. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’s revenue was up 35.6% on a year-over-year basis. On average, equities analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Expanded Australian retail partnership: BIG W, a major Australian discount retailer, is joining DoorDash’s delivery platform. The agreement broadens DoorDash’s non-restaurant offerings and could increase order frequency and retail-commerce revenue in Australia. Big W joins DoorDash in major shake-up to Australia’s discount retail delivery
• Positive Sentiment: Regional Australian expansion: DoorDash is launching in Geraldton, Kalgoorlie and Horsham as it pushes into additional regional markets. The expansion could support longer-term marketplace scale and increase its addressable customer and merchant base. DoorDash moves to Geraldton, Kalgoorlie & Horsham amid regional push
• Positive Sentiment: SKIMS marketing partnership: Kim Kardashian is promoting on-demand apparel delivery through a SKIMS and DoorDash partnership. The campaign may raise awareness of DoorDash’s broader retail and apparel-delivery capabilities beyond food. Kim Kardashian Endorses On-Demand Apparel Delivery With New Skims x DoorDash Partnership and Ad Spot
• Neutral Sentiment: Growth thesis remains intact: An analysis argues DoorDash has continued growing despite cautious consumer spending, attributing its resilience to scale and marketplace advantages rather than product innovation alone. This supports the long-term narrative but does not provide a new financial forecast. DoorDash Kept Growing Even as Consumers Cut Spending. Its Secret Isn’t Innovation
• Negative Sentiment: Price-target reduction: Cantor Fitzgerald lowered its DoorDash price target from $260 to $240 while maintaining an “overweight” rating. The reduced target signals more cautious near-term expectations, although it still implies meaningful upside from the referenced stock price.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $918,450.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $186.19, for a total value of $4,305,643.75. Following the sale, the director directly owned 10,361 shares in the company, valued at $1,929,114.59. The trade was a 69.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 392,981 shares of company stock valued at $85,663,015. Corporate insiders own 44.90% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.