Teachers Retirement System of The State of Kentucky Buys 7,900 Shares of DoorDash, Inc. (NASDAQ:DASH)

Teachers Retirement System of The State of Kentucky raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 155,345 shares of the company’s stock after purchasing an additional 7,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DoorDash were worth $21,394,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Spire Wealth Management purchased a new stake in shares of DoorDash in the first quarter worth about $25,000. Venturi Wealth Management LLC lifted its position in shares of DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. ORG Partners LLC lifted its position in shares of DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of DoorDash in the first quarter worth about $42,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of DoorDash by 361.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler restated a “neutral” rating and set a $125.00 price objective (up from $115.00) on shares of DoorDash in a research report on Friday. JPMorgan Chase & Co. upped their price objective on DoorDash from $111.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday. KeyCorp started coverage on DoorDash in a research report on Thursday, July 11th. They set a “sector weight” rating on the stock. Finally, Benchmark restated a “buy” rating and set a $150.00 price objective on shares of DoorDash in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.38.

DoorDash Price Performance

NASDAQ DASH traded up $9.03 during midday trading on Friday, hitting $117.23. 12,666,595 shares of the company traded hands, compared to its average volume of 4,409,081. The company has a market cap of $47.94 billion, a PE ratio of -108.55, a price-to-earnings-growth ratio of 40.25 and a beta of 1.67. The company’s 50-day simple moving average is $109.35 and its 200-day simple moving average is $118.25. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $143.34.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same period last year, the business posted ($0.44) EPS. On average, research analysts predict that DoorDash, Inc. will post 0.07 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other news, General Counsel Tia Sherringham sold 11,740 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.46, for a total transaction of $1,296,800.40. Following the completion of the sale, the general counsel now owns 183,512 shares in the company, valued at approximately $20,270,735.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, General Counsel Tia Sherringham sold 11,740 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.46, for a total transaction of $1,296,800.40. Following the completion of the sale, the general counsel now owns 183,512 shares in the company, valued at approximately $20,270,735.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $110.47, for a total value of $773,290.00. Following the sale, the chief financial officer now owns 441,851 shares of the company’s stock, valued at approximately $48,811,279.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 459,016 shares of company stock valued at $50,325,396. 7.92% of the stock is currently owned by corporate insiders.

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.