5 Best TaaS Stocks to Buy Now

4. DoorDash, Inc. (NYSE:DASH)

Number of Hedge Funds: 52

DoorDash, Inc. (NYSE:DASH) had strong Q1 2022 results as the revenue grew by 35% YoY to $1.46 billion, compared to the $1.39 billion consensus. However, the company lost 48 cents per share, which was expected to be just 42 cents. Nonetheless, this did not stop DoorDash, Inc. (NYSE:DASH) from rising 6% the day after the company released its quarterly reports.

According to the Insider Monkey database, 52 hedge funds were bullish on DoorDash, Inc. (NYSE:DASH) stock compared to 42 in the previous quarter. Tiger Global Management LLC remained the most prominent stakeholder, with 11.6 million shares worth $1.7 billion and a 6% increase in activity compared to the previous quarter.