DoorDash, Inc. $DASH Shares Sold by Gladstone Capital Management LLP

Gladstone Capital Management LLP trimmed its holdings in DoorDash, Inc. (NASDAQ:DASH) by 40.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 31,397 shares of the company’s stock after selling 21,239 shares during the quarter. DoorDash comprises 0.7% of Gladstone Capital Management LLP’s investment portfolio, making the stock its 14th largest holding. Gladstone Capital Management LLP’s holdings in DoorDash were worth $7,111,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DASH. Keel Point LLC increased its position in DoorDash by 4.3% in the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock valued at $379,000 after acquiring an additional 58 shares during the period. CYBER HORNET ETFs LLC lifted its position in DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after acquiring an additional 60 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of DoorDash by 8.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 843 shares of the company’s stock valued at $229,000 after purchasing an additional 63 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of DoorDash by 1.8% in the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after purchasing an additional 63 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of DoorDash by 7.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock worth $222,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the transaction, the insider owned 81,106 shares in the company, valued at approximately $12,599,006.04. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares in the company, valued at $148,896,549. This trade represents a 2.22% 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. Insiders have sold 68,558 shares of company stock valued at $10,914,640 over the last 90 days. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Stock Performance

Shares of DASH stock opened at $170.03 on Wednesday. The stock has a fifty day moving average price of $163.25 and a 200 day moving average price of $183.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $74.09 billion, a PE ratio of 80.97 and a beta of 1.83. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. DoorDash’s revenue was up 33.1% compared to the same quarter last year. Sell-side analysts forecast that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash highlighted Father’s Day demand trends, citing top-rated BBQ restaurants and steakhouses nationwide based on its data, which underscores ongoing consumer engagement and seasonal order activity. Dad’s got the night off: Top-rated BBQ restaurants and steakhouses nationwide for Father’s Day, according to DoorDash data
• Positive Sentiment: DoorDash said it wants to help diners find the right restaurant, a product/feature improvement that could improve user experience and potentially boost order conversion over time. DoorDash wants to help diners find the right restaurant
• Positive Sentiment: A Zacks note named DASH among stocks to watch in the gig economy, reinforcing the broader investor interest in delivery-platform names. Must-Watch Stocks to Make the Most of the Gig Economy’s Popularity
• Neutral Sentiment: DoorDash is moving its Columbus DashMart hub to a new location, which looks like an operational adjustment rather than a major financial catalyst. DoorDash moving Columbus DashMart hub to new space
• Negative Sentiment: Multiple reports said thousands of users experienced issues with the DoorDash platform, and the company said it was working to correct order problems; outages can hurt transaction volume and near-term investor confidence. Is DoorDash down? Thousands of users report issues with the platform

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Moffett Nathanson set a $276.00 price target on DoorDash in a research note on Wednesday, April 15th. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a research report on Tuesday, May 12th. Barclays decreased their target price on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Guggenheim cut their price target on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.11.

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.