Ravi Inukonda Sells 15,198 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. This represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ravi Inukonda also recently made the following trade(s):

• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00.
• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $169.32, for a total value of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $179.76, for a total value of $1,258,320.00.

DoorDash Stock Performance

Shares of DASH stock opened at $191.27 on Wednesday. The company has a market capitalization of $80.35 billion, a P/E ratio of 708.41 and a beta of 1.72. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The stock has a 50 day moving average price of $183.18 and a two-hundred day moving average price of $162.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Polar Asset Management Partners Inc. bought a new stake in DoorDash in the fourth quarter valued at $2,952,000. Challenger Wealth Management purchased a new stake in shares of DoorDash in the 4th quarter worth about $252,000. American Trust purchased a new stake in shares of DoorDash in the 4th quarter worth about $201,000. Mackenzie Financial Corp boosted its stake in shares of DoorDash by 751.2% during the 4th quarter. Mackenzie Financial Corp now owns 159,461 shares of the company’s stock valued at $26,750,000 after purchasing an additional 140,728 shares in the last quarter. Finally, Cache Advisors LLC purchased a new position in shares of DoorDash during the fourth quarter valued at about $1,947,000. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Citigroup raised their target price on DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Evercore ISI boosted their price target on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. KeyCorp raised their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Finally, Benchmark boosted their target price on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

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.