Connor Clark & Lunn Investment Management Ltd. Boosts Position in DoorDash, Inc. $DASH

Connor Clark & Lunn Investment Management Ltd. raised its position in DoorDash, Inc. (NASDAQ:DASH) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 510,387 shares of the company’s stock after purchasing an additional 7,926 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in DoorDash were worth $138,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DASH. Brighton Jones LLC grew its stake in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC raised its position in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after acquiring an additional 285 shares during the last quarter. Sivia Capital Partners LLC raised its position in DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,049 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new stake in shares of DoorDash in the second quarter valued at about $239,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Promotional activity — gift card deals from DoorDash and rivals could boost short-term order volume and customer acquisition. Gift card deals
• Positive Sentiment: Local PR/brand goodwill — a Starbucks DoorDash order that turned into a community campaign generated positive local press and could marginally support consumer sentiment. Starbucks DoorDash request turned into campaign
• Neutral Sentiment: Short-interest report shows effectively no actionable data (reported 0 shares / 0 days-to-cover), so no clear short-squeeze/covering signal from the published metric. (Internal short-interest entry)
• Neutral Sentiment: Consumer marketing insight — DoorDash published local trends (e.g., New Mexico’s most popular Easter candy), useful for branding and merchandising but unlikely to move stock materially. Easter candy trends
• Neutral Sentiment: Comparative coverage — a head-to-head contrast with Dropbox is informational but not a material company-specific catalyst. Dropbox vs DoorDash
• Negative Sentiment: Data breach notification — DoorDash informed users of a data breach, a reputational and potential regulatory/legal risk that can erode user trust and lead to costs. Data breach notice
• Negative Sentiment: Rising gas prices & driver squeeze — local reports (Harrisburg) highlight drivers facing higher fuel costs, which can pressure driver supply, increase delivery costs or force higher pay incentives. Gas price squeeze
• Negative Sentiment: Driver hardship stories — local GoFundMe coverage for a driver highlights workforce stresses and could draw attention to structural labor challenges. GoFundMe for driver
• Negative Sentiment: Security/scam concern — reports of phone scams targeting delivery workers raise operational risks and potential costs for driver protection. Phone scam targeting drivers
• Negative Sentiment: Insider selling — Director Shona L. Brown sold 1,250 shares (disclosed via SEC filing), a modest but visible insider sale that can signal near-term liquidity preference by insiders. Director share sale filing
• Negative Sentiment: Analyst/market skepticism — coverage noting a 32% decline over six months highlights valuation and competition concerns that weigh on sentiment. Zacks analysis on six‑month plunge

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $222.53, for a total transaction of $10,105,087.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, December 19th. The shares were sold at an average price of $231.97, for a total transaction of $330,557.25. Following the completion of the transaction, the chief financial officer owned 184,037 shares in the company, valued at approximately $42,691,062.89. This trade represents a 0.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 205,409 shares of company stock valued at $45,332,298 in the last ninety days. 5.83% of the stock is owned by company insiders.

DoorDash Stock Down 0.3%

Shares of NASDAQ:DASH opened at $169.48 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. The firm has a market cap of $73.63 billion, a price-to-earnings ratio of 79.94 and a beta of 1.82. The stock’s 50-day moving average price is $193.16 and its two-hundred day moving average price is $223.91. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the company earned $0.33 EPS. The company’s revenue was up 37.7% compared to the same quarter last year. On average, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on DASH shares. The Goldman Sachs Group set a $267.00 price target on shares of DoorDash in a research report on Monday, February 2nd. Wedbush upped their target price on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. Stifel Nicolaus lowered their target price on DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a report on Tuesday, January 27th. Benchmark raised their price target on DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Mizuho cut their price target on DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $262.82.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.