CYBER HORNET ETFs LLC Has $2.10 Million Stock Holdings in DoorDash, Inc. $DASH

CYBER HORNET ETFs LLC boosted its stake in DoorDash, Inc. (NASDAQ:DASH) by 1,052.5% during the second quarter, Holdings Channel reports. The institutional investor owned 11,836 shares of the company’s stock after buying an additional 10,809 shares during the period. DoorDash comprises approximately 0.7% of CYBER HORNET ETFs LLC’s investment portfolio, making the stock its 21st biggest position. CYBER HORNET ETFs LLC’s holdings in DoorDash were worth $2,103,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC raised its stake in DoorDash by 707.8% in the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock worth $57,378,000 after purchasing an additional 221,985 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of DoorDash by 9.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock worth $35,548,000 after purchasing an additional 13,121 shares during the period. Allstate Corp raised its position in shares of DoorDash by 116.7% in the fourth quarter. Allstate Corp now owns 29,227 shares of the company’s stock valued at $6,619,000 after buying an additional 15,741 shares in the last quarter. Brighton Jones LLC grew its position in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Finally, JCP Investment Management LLC bought a new position in DoorDash during the 1st quarter worth $991,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of DoorDash stock opened at $211.73 on Monday. The firm has a market capitalization of $91.74 billion, a PE ratio of 110.85 and a beta of 1.79. 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 firm’s 50 day moving average is $203.81 and its 200 day moving average is $178.68. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the company earned $0.65 EPS. DoorDash’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities research analysts forecast that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 72,367 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $225.16, for a total transaction of $16,294,153.72. Following the sale, the director owned 10,361 shares of the company’s stock, valued at $2,332,882.76. This trade represents a 87.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Prabir Adarkar sold 55,289 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64. Following the sale, the chief operating officer owned 930,211 shares in the company, valued at $215,585,701.36. This represents a 5.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 384,553 shares of company stock valued at $83,609,490 over the last quarter. 44.90% of the stock is currently owned by insiders.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
• Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
• Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
• Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
• Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
• Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of DoorDash in a research report on Thursday. Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a report on Tuesday, May 12th. Jefferies Financial Group boosted their target price on shares of DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. Finally, Raymond James Financial restated a “buy” rating on shares of DoorDash in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $254.97.

DoorDash 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.