Doordash (DASH) CFO Inukonda sells $348k in stock

Published 29/07/2025, 21:42
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DoorDash, Inc. (NASDAQ:DASH) Chief Financial Officer Ravi Inukonda sold 1,425 shares of Class A Common Stock on July 25, 2025, at a price of $244.78, for a total value of $348,811. The sale comes as DoorDash shares trade near their 52-week high of $250.71, having delivered an impressive 132% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.

According to a Form 4 filing with the Securities and Exchange Commission, Inukonda also exercised options to acquire 800 shares of Class A Common Stock at a price of $7.66, for a total value of $6,128. With a market capitalization of $104.4 billion and analyst consensus remaining bullish, DoorDash continues to attract investor attention despite trading at elevated multiples.

Following these transactions, Inukonda directly owns 244,905 shares of DoorDash Class A Common Stock. Additionally, 113,882 shares are held indirectly in The RK Trust, for which Inukonda and his spouse serve as co-trustees.

The sale was executed under a Rule 10b5-1 trading plan adopted on August 16, 2024.

In other recent news, DoorDash has seen a series of increased stock price targets from multiple analyst firms. Truist Securities raised its price target for DoorDash to $272, maintaining a Buy rating, as the firm anticipates the company will surpass expectations in its upcoming second-quarter earnings report. Raymond (NSE:RYMD) James also increased its price target to $275, citing a detailed advertising revenue model that suggests DoorDash’s ad business could reach $3 billion by 2027, well above current estimates. Bernstein raised its target to $265, expressing confidence in DoorDash’s fundamentals and expecting strong growth in Gross Order Value for the upcoming quarters. Benchmark set its new target at $260, predicting that DoorDash will report gross order value and adjusted EBITDA at the higher end of guidance. Loop Capital gave the highest target of $305, viewing DoorDash as a key holding for long-term growth, particularly in the local commerce sector. These developments reflect a positive outlook from analysts regarding DoorDash’s financial performance and growth potential.

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