DoorDash (NASDAQ:DASH) CFO Ravi Inukonda 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 on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the sale, the chief financial officer owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing 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 stock was 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 Price Performance

Shares of NASDAQ:DASH opened at $205.32 on Friday. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The stock has a market capitalization of $88.49 billion, a price-to-earnings ratio of 104.22 and a beta of 1.70. The company has a 50-day simple moving average of $216.50 and a 200-day simple moving average of $240.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results 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). The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. On average, analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DASH. Stifel Nicolaus lowered their price objective on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. BNP Paribas started coverage on shares of DoorDash in a report on Wednesday. They set an “outperform” rating and a $280.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. KeyCorp reaffirmed an “overweight” rating and issued a $280.00 price objective on shares of DoorDash in a report on Friday, November 21st. Finally, Zacks Research downgraded DoorDash from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.05.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently modified their holdings of the company. Physician Wealth Advisors Inc. raised its holdings in DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Eastern Bank increased its position in shares of DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. GFG Capital LLC acquired a new position in shares of DoorDash during the 2nd quarter worth $30,000. Sunbelt Securities Inc. boosted its position in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of DoorDash in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.

About DoorDash

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.