DoorDash, Inc. (NASDAQ:DASH) Stake Decreased by Sands Capital Ventures LLC

Sands Capital Ventures LLC decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 19.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 423,091 shares of the company’s stock after selling 100,000 shares during the quarter. DoorDash makes up about 15.4% of Sands Capital Ventures LLC’s portfolio, making the stock its 3rd biggest holding. Sands Capital Ventures LLC owned approximately 0.10% of DoorDash worth $46,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DASH. Meeder Asset Management Inc. grew its position in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC acquired a new position in shares of DoorDash in the 2nd quarter valued at $32,000. Versant Capital Management Inc grew its holdings in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares during the period. ORG Partners LLC increased its position in shares of DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $5,836,386.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $107.75, for a total transaction of $5,836,386.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $109.30, for a total value of $765,100.00. Following the completion of the transaction, the chief financial officer now owns 424,223 shares of the company’s stock, valued at $46,367,573.90. The disclosure for this sale can be found here. Insiders sold a total of 304,769 shares of company stock valued at $34,760,113 in the last ninety days. Corporate insiders own 7.92% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $139.72 on Friday. The firm’s fifty day moving average price is $120.68 and its 200 day moving average price is $121.53. The company has a market capitalization of $57.13 billion, a price-to-earnings ratio of -129.37, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm posted ($0.44) EPS. The company’s revenue was up 23.3% compared to the same quarter last year. Analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent analyst reports. JMP Securities upped their price objective on shares of DoorDash from $140.00 to $145.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Barclays raised their price objective on shares of DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Wolfe Research assumed coverage on shares of DoorDash in a research note on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of DoorDash in a research report on Thursday, September 5th. They issued an “overweight” rating and a $160.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $150.00 price objective on shares of DoorDash in a research report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.