Howard Capital Management Inc. Buys 772 Shares of DoorDash, Inc. $DASH

Howard Capital Management Inc. boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 48.5% during the second quarter, Holdings Channel reports. The firm owned 2,365 shares of the company’s stock after purchasing an additional 772 shares during the quarter. Howard Capital Management Inc.’s holdings in DoorDash were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DASH. Perigon Wealth Management LLC raised its stake in DoorDash by 1.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after buying an additional 46 shares during the last quarter. Yeomans Consulting Group Inc. increased its position in DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock valued at $326,000 after acquiring an additional 51 shares during the last quarter. Palo Alto Wealth Advisors LLC lifted its holdings in DoorDash by 0.4% in the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock valued at $2,385,000 after acquiring an additional 54 shares during the period. LVW Advisors LLC lifted its holdings in DoorDash by 4.5% in the second quarter. LVW Advisors LLC now owns 1,563 shares of the company’s stock valued at $385,000 after acquiring an additional 68 shares during the period. Finally, SageView Advisory Group LLC lifted its holdings in DoorDash by 5.1% in the first quarter. SageView Advisory Group LLC now owns 1,435 shares of the company’s stock valued at $262,000 after acquiring an additional 69 shares during the period. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $330.00 price target on shares of DoorDash in a research report on Wednesday, September 17th. The Goldman Sachs Group assumed coverage on shares of DoorDash in a research note on Monday. They set a “buy” rating and a $315.00 price target on the stock. JMP Securities boosted their price objective on shares of DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a research report on Thursday, August 7th. Sanford C. Bernstein upped their price objective on DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada upped their price objective on DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $291.88.

Insider Activity

In related news, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $268.23, for a total transaction of $12,180,324.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Prabir Adarkar sold 24,968 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total value of $6,799,285.76. Following the sale, the chief operating officer owned 909,579 shares of the company’s stock, valued at $247,696,553.28. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 928,114 shares of company stock valued at $232,553,670 in the last three months. 5.83% of the stock is currently owned by insiders.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $266.06 on Thursday. The firm has a fifty day moving average price of $260.66 and a 200-day moving average price of $235.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $113.66 billion, a PE ratio of 147.81 and a beta of 1.71. DoorDash, Inc. has a 1 year low of $152.26 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted ($0.38) EPS. DoorDash’s revenue for the quarter was up 24.9% compared to the same quarter last year. Equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

About DoorDash

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.