DoorDash, Inc. (NASDAQ:DASH) Director Sells $8,416,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at $2,722,744.32. The trade was a 75.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $170.01, for a total value of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $178.66, for a total value of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was 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 shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00.

DoorDash Stock Performance

Shares of DASH opened at $169.33 on Wednesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $181.78. The stock’s fifty day moving average is $173.31 and its 200-day moving average is $144.48. The firm has a market capitalization of $70.34 billion, a price-to-earnings ratio of -376.29, a price-to-earnings-growth ratio of 13.46 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) EPS. Analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

DASH has been the subject of a number of recent analyst reports. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Truist Financial raised their target price on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. UBS Group boosted their price target on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Mizuho increased their target price on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group raised their price objective on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average price target of $174.30.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of DoorDash by 34.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock worth $683,000 after buying an additional 1,611 shares in the last quarter. Quest Partners LLC grew its holdings in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares during the period. Choreo LLC bought a new stake in DoorDash in the second quarter worth about $465,000. Headlands Technologies LLC acquired a new stake in DoorDash in the 2nd quarter valued at about $32,000. Finally, Meeder Asset Management Inc. boosted its position in shares of DoorDash by 82.0% during 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 in 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.