Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 825 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown sold 825 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $230.00, for a total value of $189,750.00. Following the sale, the director now owns 46,461 shares of the company’s stock, valued at approximately $10,686,030. The trade was a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

DoorDash Price Performance

DASH stock opened at $232.68 on Thursday. The business has a fifty day moving average price of $203.65 and a 200 day moving average price of $190.41. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $238.47. The stock has a market capitalization of $98.60 billion, a price-to-earnings ratio of 302.19 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. On average, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DASH shares. Citigroup restated an “outperform” rating on shares of DoorDash in a research note on Thursday, June 12th. Evercore ISI restated an “outperform” rating on shares of DoorDash in a research note on Monday, March 10th. Raymond James Financial upgraded DoorDash from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $215.00 to $260.00 in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on DoorDash from $205.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America raised their price objective on DoorDash from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DASH. Vanguard Group Inc. boosted its position in DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after buying an additional 8,073,882 shares during the last quarter. Norges Bank bought a new position in DoorDash in the 4th quarter valued at $597,443,000. Capital World Investors boosted its position in DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after buying an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in DoorDash by 442.5% in the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock valued at $321,799,000 after buying an additional 1,497,636 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.