STF Management LP Sells 248 Shares of DoorDash, Inc. (NASDAQ:DASH)

STF Management LP cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,052 shares of the company’s stock after selling 248 shares during the period. STF Management LP’s holdings in DoorDash were worth $658,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in DoorDash in the first quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its stake in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DoorDash in the second quarter valued at approximately $32,000. Versant Capital Management Inc boosted its stake in 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 acquiring an additional 259 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DASH. Redburn Atlantic began coverage on shares of DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 target price for the company. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a research note on Friday, August 2nd. JMP Securities lifted their price objective on shares of DoorDash from $140.00 to $145.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Piper Sandler reiterated a “neutral” rating and set a $125.00 price objective (up from $115.00) on shares of DoorDash in a research note on Friday, August 2nd. Finally, DA Davidson lifted their price objective on shares of DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.57.

DoorDash Stock Performance

DASH opened at $130.87 on Tuesday. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The company has a fifty day moving average of $119.09 and a two-hundred day moving average of $121.32. The stock has a market capitalization of $53.51 billion, a price-to-earnings ratio of -121.18, a PEG ratio of 275.59 and a beta of 1.69.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the firm posted ($0.44) EPS. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. On average, equities research analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the business’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 sale, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. The disclosure for this sale can be found here. Insiders sold 304,769 shares of company stock valued at $34,760,113 over the last 90 days. Corporate insiders own 7.92% of the company’s stock.

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.