DoorDash, Inc. (NASDAQ:DASH) Director Sells $8,833,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,857,652.16. The trade was a 75.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $8,633,500.00.
• On Monday, October 14th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $149.83, for a total value of $7,491,500.00.
• On Thursday, October 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $143.76, for a total value of $7,188,000.00.

DoorDash Price Performance

Shares of DoorDash stock opened at $177.00 on Wednesday. The company has a market capitalization of $73.53 billion, a P/E ratio of -393.33, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70. The business has a 50-day moving average of $166.24 and a two-hundred day moving average of $136.69. DoorDash, Inc. has a 1 year low of $93.33 and a 1 year high of $181.78.

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

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently added to or reduced their stakes in DASH. Brighton Jones LLC increased its holdings in DoorDash by 0.8% during the 2nd 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. grew 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 worth $355,000 after buying an additional 99 shares in the last quarter. E Fund Management Co. Ltd. raised its position in DoorDash by 3.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after buying an additional 111 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after acquiring an additional 119 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DASH. DA Davidson lifted their price objective on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. KeyCorp raised their price objective on shares of DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JMP Securities boosted their target price on DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.39.

About DoorDash

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.