Long Walk Management LP Purchases 200 Shares of DoorDash, Inc. (NASDAQ:DASH)

Long Walk Management LP lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,200 shares of the company’s stock after purchasing an additional 200 shares during the period. DoorDash comprises approximately 7.0% of Long Walk Management LP’s portfolio, making the stock its 8th largest position. Long Walk Management LP’s holdings in DoorDash were worth $19,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. purchased a new position in DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash in the 4th quarter valued at $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter worth $36,000. Finally, IFP Advisors Inc raised its stake in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of several research reports. Roth Mkm raised their price objective on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. UBS Group raised their price target on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. KeyCorp boosted their price objective on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Evercore ISI restated an “outperform” rating on shares of DoorDash in a research report on Monday, March 10th. Finally, Oppenheimer reiterated a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Price Performance

NASDAQ DASH opened at $183.50 on Friday. The business has a 50 day moving average price of $187.99 and a 200 day moving average price of $167.51. The company has a market capitalization of $77.09 billion, a P/E ratio of 679.63 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 8,116 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were 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 owns 1,500 shares of the company’s stock, valued at $268,110. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 522,062 shares of company stock valued at $92,218,440. Insiders own 7.92% of the company’s stock.

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.