DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Crescent Park Management L.P.

Crescent Park Management L.P. cut its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,184 shares of the company’s stock after selling 4,440 shares during the period. DoorDash makes up 3.4% of Crescent Park Management L.P.’s holdings, making the stock its 11th biggest holding. Crescent Park Management L.P.’s holdings in DoorDash were worth $8,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DASH. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash during the 4th quarter valued at approximately $29,000. Denver PWM LLC acquired a new stake in DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash in the fourth quarter valued at $34,000. ORG Wealth Partners LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc lifted its stake in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DASH shares. Roth Mkm raised their price objective on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Piper Sandler reissued a “neutral” rating and issued a $210.00 price target (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Evercore ISI reissued an “outperform” rating on shares of DoorDash in a research report on Monday, March 10th. Finally, Wolfe Research raised their price target on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $207.21.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total value of $18,454,356.20. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,525. The trade was a 98.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at approximately $2,750,081.76. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 371,445 shares of company stock valued at $65,969,730. 7.92% of the stock is currently owned by insiders.

DoorDash Price Performance

NASDAQ DASH opened at $182.42 on Wednesday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The company has a market capitalization of $76.63 billion, a price-to-earnings ratio of 675.63 and a beta of 1.70. The firm’s fifty day moving average price is $192.25 and its 200 day moving average price is $173.12.

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.