DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,231 shares of the company’s stock after selling 358 shares during the quarter. DoorDash accounts for approximately 0.7% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 12th largest holding. Cornercap Investment Counsel Inc.’s holdings in DoorDash were worth $2,052,000 at the end of the most recent quarter.

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

DoorDash Price Performance

DASH stock opened at $182.61 on Friday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The firm has a market capitalization of $76.71 billion, a PE ratio of 676.33 and a beta of 1.70. The business has a 50 day simple moving average of $192.00 and a 200-day simple moving average of $171.77.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DASH shares. Citigroup reiterated a “buy” rating on shares of DoorDash in a research note on Saturday, March 8th. Royal Bank of Canada lifted their price target on DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Roth Mkm upped their price objective on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Oppenheimer reiterated a “hold” rating on shares of DoorDash in a research note on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.21.

Insiders Place Their Bets

In related news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. This trade represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 358,445 shares of company stock valued at $63,443,370. Insiders own 7.92% of the company’s stock.

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.