191,820 Shares in DoorDash, Inc. $DASH Acquired by Waverly Advisors LLC

Waverly Advisors LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 191,820 shares of the company’s stock, valued at approximately $35,397,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC boosted its holdings in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after buying an additional 60 shares during the period. Vise Technologies Inc. lifted its position 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 acquiring an additional 63 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after acquiring an additional 64 shares during the period. Premier Path Wealth Partners LLC grew its position in shares of DoorDash by 2.7% during the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after purchasing an additional 67 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: SKIMS partnership expands on-demand commerce. DoorDash will help SKIMS customers obtain last-minute apparel and wardrobe items, broadening the platform beyond restaurant delivery and potentially creating additional order volume. SKIMS will use DoorDash to help with last-minute wardrobe needs SKIMS and DoorDash: Solutions For Every Body, Delivered On-Demand
• Positive Sentiment: Football promotion could boost weekend orders and engagement. DoorDash is offering rewards, sweepstakes and prizes tied to Saturday football orders, including cash, a vehicle and other benefits. The campaign may increase order frequency and customer engagement, although its direct financial contribution is unclear. How DoorDash Is Rewarding Football Fans DoorDash Saturday football promotion
• Positive Sentiment: DoorDash Labs received innovation recognition. Being named Innovation Team of the Year provides favorable publicity for the company’s technology and delivery-automation efforts, though the award itself does not immediately change earnings. DoorDash Labs is the Innovation Team of the Year
• Positive Sentiment: Growth outlook remains bullish in analyst commentary. A Seeking Alpha analysis cited 36% year-over-year quarterly revenue growth, increasing DashPass subscriptions, higher marketplace volume and adjusted EBITDA growth as reasons for continued optimism. This is an analyst opinion rather than new company guidance. DoorDash growth outlook
• Neutral Sentiment: A customer-service anecdote involving a DoorDash delivery is receiving attention but has no clear material impact on revenue, costs or investor sentiment. DoorDash delivery anecdote
• Negative Sentiment: Director stock sales may pressure the shares. Director Andy Fang sold 15,000 shares for approximately $3.4 million, while another report highlighted roughly $7.0 million in director selling. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their significance as a discretionary signal, but insider selling can still weigh on sentiment. DoorDash director stock sale

Insider Activity at DoorDash

In other DoorDash news, Director Stanley Tang sold 30,835 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $225.98, for a total value of $6,968,093.30. Following the completion of the sale, the director directly owned 10,361 shares of the company’s stock, valued at $2,341,378.78. The trade was a 74.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the completion of the transaction, 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 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. Insiders have sold a total of 399,553 shares of company stock worth $87,034,140 over the last ninety days. 44.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on DASH shares. Wells Fargo & Company increased their price target on shares of DoorDash from $199.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Rosenblatt Securities began coverage on DoorDash in a research note on Tuesday, September 1st. They issued a “buy” rating and a $270.00 price objective for the company. Truist Financial lifted their target price on DoorDash from $330.00 to $336.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler reissued a “neutral” rating and set a $220.00 target price (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Finally, Citigroup restated a “market outperform” rating on shares of DoorDash in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $256.97.

DoorDash Trading Down 5.3%

DoorDash stock traded down $11.29 during mid-day trading on Tuesday, hitting $200.44. The company’s stock had a trading volume of 4,538,929 shares, compared to its average volume of 4,731,197. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day moving average of $204.35 and a 200-day moving average of $179.02. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The stock has a market cap of $86.85 billion, a PE ratio of 104.94 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. On average, research analysts anticipate 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.