DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 50,000 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $178.66, for a total transaction of $8,933,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at $2,890,004.16. This represents a 75.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andy Fang also recently made the following trade(s):

• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00.
• On Monday, November 18th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00.

DoorDash Stock Performance

DASH stock traded down $1.78 during trading on Monday, reaching $168.34. 1,384,441 shares of the company were exchanged, compared to its average volume of 2,245,409. The stock’s 50 day moving average price is $173.09 and its 200 day moving average price is $144.07. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $181.78. The company has a market cap of $69.93 billion, a P/E ratio of -374.09, a PEG ratio of 13.46 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) earnings per share. As a group, equities research analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. KeyCorp boosted their price objective on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday. Raymond James initiated coverage on shares of DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price target for the company. BMO Capital Markets raised their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. DA Davidson boosted their target price on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price on the stock in a report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DASH. Rakuten Securities Inc. increased its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at $36,000. Headlands Technologies LLC purchased a new stake in DoorDash during the 2nd quarter worth about $32,000. Meeder Asset Management Inc. raised its stake in DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the last quarter. Finally, Quest Partners LLC raised its stake in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.