DoorDash, Inc. $DASH Stake Lifted by Atria Investments Inc

Atria Investments Inc lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 20.4% during the third quarter, Holdings Channel.com reports. The fund owned 21,603 shares of the company’s stock after purchasing an additional 3,663 shares during the period. Atria Investments Inc’s holdings in DoorDash were worth $5,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its position in shares of DoorDash by 9.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 77,924 shares of the company’s stock valued at $21,195,000 after purchasing an additional 6,887 shares during the period. Wedbush Securities Inc. bought a new position in DoorDash during the third quarter valued at about $290,000. Varma Mutual Pension Insurance Co grew its holdings in DoorDash by 9.3% during the third quarter. Varma Mutual Pension Insurance Co now owns 59,700 shares of the company’s stock worth $16,238,000 after acquiring an additional 5,100 shares during the period. Caisse Des Depots ET Consignations acquired a new position in DoorDash during the third quarter worth about $488,000. Finally, Savvy Advisors Inc. bought a new stake in DoorDash in the third quarter worth about $435,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Analyst/independent bullish notes reiterate BUY at discounted levels, arguing valuation and long-term growth justify owning DASH ahead of earnings. Read More.
• Positive Sentiment: Grocery and retail partnerships remain a growth tailwind — sector coverage on Kroger’s turnaround highlights DoorDash as a continuing last-mile partner, underscoring recurring GOV opportunity from grocery fulfillment. Read More.
• Positive Sentiment: Resolution of fraud schemes tied to phantom orders (sentencing reported) reduces an ongoing loss/operational risk and supports margin stability. Read More.
• Neutral Sentiment: Waymo is paying gig workers (including DoorDash drivers) to close robotaxi doors — demonstrates the value and flexibility of the Dasher workforce, but payments go to drivers (not DoorDash directly), so corporate revenue impact is unclear. Read More.
• Neutral Sentiment: Q4 preview/earnings expectations: previews show an in-line quarter is likely (Bank of America/Proactive), keeping guidance risk moderate heading into the Feb. 18 report. Read More.
• Neutral Sentiment: Short-interest items circulating look inconsistent/erroneous (zeros/NaN), so current short-interest headlines are noisy and unlikely to be a reliable near-term driver until clarified.
• Negative Sentiment: Multiple driver-related safety incidents and arrests (stabbing attempt, accidental shooting, delivery-related arrests) are generating adverse headlines and reputational risk that can pressure the stock. Read More. | Read More.
• Negative Sentiment: Fatal hit‑and‑run coverage and related family lawsuits spotlight potential litigation and regulatory exposure that could create headline risk and legal costs. Read More.
• Negative Sentiment: Insider selling: Director Shona L. Brown sold 1,250 shares recently — investors sometimes view insider sales negatively when combined with other near-term headwinds. Read More.

Insider Buying and Selling

In other news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $234.57, for a total value of $7,037,100.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares in the company, valued at approximately $205,044,674.10. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alfred Lin acquired 389,047 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average cost of $193.81 per share, with a total value of $75,401,199.07. Following the completion of the acquisition, the director owned 389,047 shares in the company, valued at $75,401,199.07. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 604,135 shares of company stock valued at $124,509,080. 5.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DASH shares. Guggenheim reduced their price objective on shares of DoorDash from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Needham & Company LLC reduced their target price on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, November 14th. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a report on Monday, November 24th. JPMorgan Chase & Co. reduced their price objective on DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Wedbush raised their price objective on shares of DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.24.

DoorDash Stock Down 0.5%

Shares of DASH stock opened at $160.34 on Friday. The stock’s 50 day simple moving average is $213.26 and its 200 day simple moving average is $234.05. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $69.11 billion, a price-to-earnings ratio of 81.39 and a beta of 1.77.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.