Aigen Investment Management LP Has $3.36 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Aigen Investment Management LP raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 31.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,021 shares of the company’s stock after buying an additional 4,767 shares during the period. DoorDash comprises 0.6% of Aigen Investment Management LP’s portfolio, making the stock its 24th biggest position. Aigen Investment Management LP’s holdings in DoorDash were worth $3,359,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. increased its holdings in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the fourth quarter valued at about $29,000. Denver PWM LLC acquired a new position in DoorDash during the 4th quarter worth about $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the 4th quarter worth about $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in DoorDash in the 4th quarter valued at about $36,000. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DASH shares. Royal Bank of Canada increased their price target on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Oppenheimer lifted their target price on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Barclays boosted their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Evercore ISI raised their price target on DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Trading Down 2.4 %

Shares of DASH opened at $193.41 on Wednesday. The stock has a market capitalization of $81.25 billion, a price-to-earnings ratio of 716.33 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The firm has a fifty day simple moving average of $185.95 and a 200 day simple moving average of $164.72.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares in the company, valued at approximately $71,840,596.70. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keith Yandell sold 4,474 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.36, for a total value of $793,508.64. Following the completion of the sale, the insider now directly owns 114,238 shares in the company, valued at approximately $20,261,251.68. This represents a 3.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,536 shares of company stock worth $101,844,949 in the last three months. 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.