Insider Selling: DoorDash (NASDAQ:DASH) CFO Sells 1,017 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,017 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the transaction, the chief financial officer directly owned 208,412 shares in the company, valued at $44,837,757.68. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, December 19th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $231.97, for a total transaction of $330,557.25.
• On Monday, October 20th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $263.86, for a total transaction of $376,000.50.

DoorDash Stock Down 2.3%

DASH traded down $4.79 during trading on Friday, hitting $205.32. 5,146,355 shares of the company’s stock were exchanged, compared to its average volume of 4,150,317. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The stock has a market cap of $88.49 billion, a P/E ratio of 104.22 and a beta of 1.70. The business’s 50 day moving average is $216.48 and its two-hundred day moving average is $240.64. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. As a group, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BNP Paribas upgraded DoorDash to “strong-buy,” signaling institutional optimism about the shares and potentially supporting demand. Read More.
• Positive Sentiment: BNP Paribas Exane initiated coverage of DASH, which can increase analyst attention and liquidity for the stock. Read More.
• Neutral Sentiment: DoorDash published data on big-game food trends, highlighting platform engagement and marketing/consumer demand insights that support revenue visibility around events. Read More.
• Neutral Sentiment: A viral local news story showed police delivering a pizza after a DoorDash driver was arrested; reputationally noteworthy but unlikely to move fundamentals. Read More.
• Negative Sentiment: DoorDash’s Chief Revenue Officer Lee Brown departed after about five months — a sign of executive turnover in a revenue-facing role that can spook investors concerned about sales execution. Read More.
• Negative Sentiment: Insiders sold shares: CFO Ravi Inukonda sold 1,017 shares (SEC Form 4 filing) and a Director sold about $277,900 of stock — modest but visible insider selling that can be read negatively by the market. Read More. Read More.
• Negative Sentiment: New reports and a city lawsuit allege DoorDash and competitors shortchanged delivery workers of roughly $550M in tips — a regulatory/legal risk that could lead to fines, settlements or changes to the business model. Read More.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DASH. Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Guggenheim restated a “buy” rating and issued a $280.00 price objective on shares of DoorDash in a research note on Wednesday, November 19th. Argus cut their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Zacks Research downgraded shares of DoorDash from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, BTIG Research reiterated a “buy” rating and issued a $315.00 target price on shares of DoorDash in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.05.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Gilbert & Cook Inc. lifted its position in shares of DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after acquiring an additional 42 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of DoorDash by 3.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock valued at $334,000 after purchasing an additional 42 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after purchasing an additional 45 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in DoorDash by 1.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after purchasing an additional 46 shares in the last quarter. Finally, Advisory Resource Group boosted its stake in DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after purchasing an additional 48 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.