DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,665 shares of the company’s stock after acquiring an additional 26,020 shares during the quarter. TimesSquare Capital Management LLC’s holdings in DoorDash were worth $63,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Envestnet Portfolio Solutions Inc. increased its position in shares of DoorDash by 98.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,732 shares of the company’s stock worth $789,000 after purchasing an additional 2,848 shares in the last quarter. Empowered Funds LLC increased its position in DoorDash by 31.6% during the first quarter. Empowered Funds LLC now owns 5,732 shares of the company’s stock worth $789,000 after buying an additional 1,375 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in DoorDash by 101.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 12,925 shares of the company’s stock valued at $1,780,000 after buying an additional 6,509 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of DoorDash by 11.6% in the first quarter. Forsta AP Fonden now owns 54,800 shares of the company’s stock valued at $7,547,000 after acquiring an additional 5,700 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in shares of DoorDash by 39.4% in the first quarter. Atomi Financial Group Inc. now owns 10,338 shares of the company’s stock valued at $1,424,000 after acquiring an additional 2,924 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Up 0.5 %

DoorDash stock opened at $171.40 on Friday. The firm has a market capitalization of $71.20 billion, a PE ratio of -380.89, a P/E/G ratio of 14.27 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $83.58 and a 52 week high of $172.18. The firm’s 50-day simple moving average is $144.18 and its 200 day simple moving average is $125.43.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, research analysts expect that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of recent research reports. Morgan Stanley increased their price target on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price for the company in a research note on Wednesday, September 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 price target on shares of DoorDash in a report on Monday, October 7th. JMP Securities upped their price objective on DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.12.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the completion of the transaction, the chief operating officer now owns 963,094 shares of the company’s stock, valued at approximately $142,528,281.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other DoorDash news, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is owned by corporate insiders.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.