4,117 Shares in DoorDash, Inc. $DASH Bought by NorthRock Partners LLC

by · The Markets Daily

NorthRock Partners LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 4,117 shares of the company’s stock, valued at approximately $1,015,000.

Other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its stake in DoorDash by 1.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after buying an additional 46 shares in the last quarter. Yeomans Consulting Group Inc. increased its stake in DoorDash by 3.9% in the 2nd quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after buying an additional 51 shares in the last quarter. Palo Alto Wealth Advisors LLC increased its stake in DoorDash by 0.4% in the 1st quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock worth $2,385,000 after buying an additional 54 shares in the last quarter. LVW Advisors LLC increased its stake in DoorDash by 4.5% in the 2nd quarter. LVW Advisors LLC now owns 1,563 shares of the company’s stock worth $385,000 after buying an additional 68 shares in the last quarter. Finally, SageView Advisory Group LLC increased its stake in DoorDash by 5.1% in the 1st quarter. SageView Advisory Group LLC now owns 1,435 shares of the company’s stock worth $262,000 after buying an additional 69 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Up 2.8%

DASH opened at $273.52 on Tuesday. The firm has a market cap of $116.85 billion, a P/E ratio of 151.96 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $143.37 and a 12 month high of $285.08. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average of $258.72 and a 200 day moving average of $227.83.

DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.42 by $0.23. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.38) earnings per share. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Benchmark increased their price target on DoorDash from $260.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Oppenheimer raised their price objective on DoorDash from $280.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Truist Financial raised their price objective on DoorDash from $272.00 to $326.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Cantor Fitzgerald restated an “overweight” rating and set a $330.00 price objective on shares of DoorDash in a research report on Wednesday, September 17th. Finally, Wedbush restated a “neutral” rating on shares of DoorDash in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.27.

Get Our Latest Report on DoorDash

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total value of $12,180,324.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $270.60, for a total transaction of $8,118,000.00. Following the completion of the sale, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at approximately $247,476,418.20. The trade was a 3.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 966,887 shares of company stock valued at $241,420,442 over the last quarter. Corporate insiders own 5.83% of the company’s stock.

DoorDash Company Profile

(Free Report)

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.

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