Cookson Peirce & Co. Inc. Takes $604,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Cookson Peirce & Co. Inc. bought a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,603 shares of the company’s stock, valued at approximately $604,000.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. lifted its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new stake in DoorDash during the fourth quarter worth about $29,000. Denver PWM LLC bought a new stake in DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the fourth quarter worth about $34,000. Finally, ORG Wealth Partners LLC bought a new stake in DoorDash during the fourth quarter worth about $36,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DASH. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Wolfe Research boosted their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Loop Capital boosted their target price on DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, Truist Financial boosted their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $268,110. This represents a 98.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the transaction, the general counsel now owns 122,135 shares in the company, valued at $24,848,365.75. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 576,536 shares of company stock worth $101,844,949. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $195.08 on Thursday. The company has a market capitalization of $81.95 billion, a PE ratio of 722.52 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The company has a 50 day simple moving average of $186.41 and a two-hundred day simple moving average of $164.94.

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.