Ravi Inukonda Sells 16,044 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 16,044 shares of DoorDash stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.55, for a total transaction of $3,666,856.20. Following the sale, the chief financial officer owned 217,911 shares in the company, valued at approximately $49,803,559.05. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Ravi Inukonda sold 19,505 shares of DoorDash stock. The shares were sold at an average price of $220.62, for a total transaction of $4,303,193.10.
• On Wednesday, July 8th, Ravi Inukonda sold 19,095 shares of DoorDash stock. The shares were sold at an average price of $188.04, for a total transaction of $3,590,623.80.

DoorDash Stock Down 4.6%

DASH stock opened at $211.73 on Friday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a market capitalization of $91.74 billion, a price-to-earnings ratio of 110.85 and a beta of 1.79. The firm’s 50-day moving average is $203.81 and its two-hundred day moving average is $178.55. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the business earned $0.65 earnings per share. The company’s revenue was up 35.6% on a year-over-year basis. On average, analysts forecast that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
• Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
• Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
• Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
• Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
• Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DASH. Jefferies Financial Group lifted their price target on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Friday, August 7th. Wedbush raised their target price on DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Susquehanna lifted their target price on DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.97.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. MV Capital Management Inc. purchased a new stake in DoorDash in the 4th quarter worth about $26,000. Sunbelt Securities Inc. grew its stake in DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Swiss RE Ltd. acquired a new position in shares of DoorDash in the 4th quarter valued at about $28,000. Morse Asset Management Inc acquired a new position in shares of DoorDash in the 3rd quarter valued at about $36,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at about $32,000. 90.64% of the stock is owned by institutional investors and hedge funds.

About DoorDash

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.