Pittenger & Anderson Inc. Takes Position in DoorDash, Inc. (NASDAQ:DASH)

Pittenger & Anderson Inc. purchased a new position in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 175 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors also recently added to or reduced their stakes in DASH. Rakuten Securities Inc. raised its position in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the period. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash during the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in DoorDash during the fourth quarter valued at $59,000. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DASH shares. BMO Capital Markets restated an “outperform” rating and issued a $240.00 target price (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Needham & Company LLC upped their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wedbush increased their target price on shares of DoorDash from $160.00 to $210.00 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 previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, Loop Capital raised their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.45.

DoorDash Stock Up 3.8 %

Shares of DASH stock opened at $213.38 on Tuesday. The business has a 50-day moving average price of $180.04 and a two-hundred day moving average price of $158.88. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $214.64. The firm has a market cap of $88.64 billion, a P/E ratio of -474.18, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 7,980 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the sale, the insider now directly owns 124,221 shares of the company’s stock, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 882,426 shares of company stock worth $154,357,178 in the last quarter. 7.92% of the stock is owned by insiders.

DoorDash 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.