1,308 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,308 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Trust N.A. bought a new position in shares of DoorDash in the third quarter valued at about $216,000. DRW Securities LLC acquired a new stake in DoorDash in the 3rd quarter valued at about $289,000. Loomis Sayles & Co. L P raised its stake in shares of DoorDash by 1,100.6% in the third quarter. Loomis Sayles & Co. L P now owns 6,531 shares of the company’s stock worth $932,000 after acquiring an additional 5,987 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new position in DoorDash during the 3rd quarter worth $1,376,000. Finally, Townsquare Capital LLC boosted its holdings in DoorDash by 129.6% in the third quarter. Townsquare Capital LLC now owns 5,640 shares of the company’s stock valued at $805,000 after acquiring an additional 3,184 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Price Performance

DASH stock opened at $194.02 on Friday. The business’s fifty day moving average price is $191.84 and its two-hundred day moving average price is $171.37. The stock has a market capitalization of $81.51 billion, a price-to-earnings ratio of 718.59 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total value of $18,454,356.20. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,525. This trade represents a 98.63 % decrease in their position. 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 14,715 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $196.52, for a total value of $2,891,791.80. Following the sale, the chief financial officer now owns 338,055 shares of the company’s stock, valued at $66,434,568.60. The trade was a 4.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 358,445 shares of company stock worth $63,443,370. Corporate insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Loop Capital raised their target price on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Royal Bank of Canada boosted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Wedbush increased their target price on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Susquehanna lifted their target price on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

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.