Penserra Capital Management LLC Has $3.98 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Penserra Capital Management LLC cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 17.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,869 shares of the company’s stock after selling 6,067 shares during the quarter. Penserra Capital Management LLC’s holdings in DoorDash were worth $3,976,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. grew its holdings in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of DoorDash in the 2nd quarter worth $32,000. Versant Capital Management Inc raised its holdings in shares of DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $179.10 on Tuesday. The company has a market capitalization of $74.40 billion, a P/E ratio of -398.00, a P/E/G ratio of 13.63 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $92.56 and a 52-week high of $179.13. The company has a fifty day moving average of $154.57 and a 200-day moving average of $129.52.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) EPS. As a group, analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DASH shares. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of DoorDash in a research report on Friday, August 2nd. Needham & Company LLC increased their price target on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Mizuho boosted their price objective on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 target price on shares of DoorDash in a research note on Monday, October 7th. Finally, Oppenheimer increased their price target on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.03.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the sale, the director now directly owns 35,413 shares of the company’s stock, valued at approximately $6,019,501.74. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 547,753 shares of company stock valued at $84,544,996. 7.92% of the stock is currently owned by corporate insiders.

About DoorDash

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.