DoorDash, Inc. (NASDAQ:DASH) Insider Keith Yandell Sells 5,509 Shares

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $176.24, for a total value of $970,906.16. Following the completion of the sale, the insider now owns 118,712 shares of the company’s stock, valued at $20,921,802.88. The trade was a 4.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Keith Yandell also recently made the following trade(s):

• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40.

DoorDash Stock Down 0.1 %

DASH traded down $0.09 during trading hours on Tuesday, reaching $179.01. 2,739,546 shares of the company’s stock traded hands, compared to its average volume of 3,798,696. The firm has a 50-day moving average price of $154.57 and a 200 day moving average price of $129.52. DoorDash, Inc. has a 52-week low of $92.56 and a 52-week high of $181.30. The firm has a market capitalization of $74.36 billion, a PE ratio of -398.00, a PEG ratio of 13.63 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.19) EPS. Equities analysts predict that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Trading of DoorDash

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC boosted its position in DoorDash by 0.8% during the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after purchasing an additional 82 shares in the last quarter. Everhart Financial Group Inc. raised its holdings in shares of DoorDash by 3.1% during the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after acquiring an additional 99 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of DoorDash by 3.5% during the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after acquiring an additional 111 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after acquiring an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of DoorDash by 39.0% during the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Roth Mkm boosted their price objective on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Barclays boosted their target price on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Raymond James began coverage on DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price on the stock. Wells Fargo & Company boosted their target price on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group boosted their target price on DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.03.

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.