Sapient Capital LLC Invests $732,000 in DoorDash, Inc. $DASH

Sapient Capital LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,969 shares of the company’s stock, valued at approximately $732,000.

A number of other large investors have also recently bought and sold shares of DASH. Intech Investment Management LLC boosted its position in DoorDash by 707.8% in the fourth quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after buying 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 buying an additional 13,121 shares in the last quarter. Allstate Corp raised its stake 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 acquiring an additional 15,741 shares during the last quarter. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Finally, JCP Investment Management LLC acquired a new position in shares of DoorDash in the 1st quarter worth approximately $991,000. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 19,505 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the completion of the transaction, the chief financial officer owned 232,938 shares in the company, valued at approximately $51,390,781.56. The trade was a 7.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stanley Tang sold 72,367 shares of the 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 completion of the sale, the director owned 10,361 shares in the company, valued at approximately $2,332,882.76. This trade represents a 87.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders sold 384,553 shares of company stock worth $83,609,490. Corporate insiders own 44.90% of the company’s stock.

DoorDash News Summary

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.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on DoorDash from $199.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Jefferies Financial Group raised their target price on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Susquehanna increased their price objective on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Finally, KeyCorp lowered their price objective on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $254.97.

DoorDash Stock Down 4.6%

Shares of NASDAQ DASH opened at $211.73 on Friday. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm’s 50-day moving average is $203.81 and its 200-day moving average is $178.55. 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 has a market capitalization of $91.74 billion, a PE ratio of 110.85 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.DoorDash’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Equities analysts expect that DoorDash, Inc. will post 2.49 EPS for the current year.

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.