Insider Selling: DoorDash (NASDAQ:DASH) Director Sells 45,410 Shares of Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.53, for a total value of $10,105,087.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Stanley Tang also recently made the following trade(s):

  • On Monday, December 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $205.07, for a total value of $9,312,228.70.
  • On Monday, November 3rd, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $244.39, for a total value of $11,097,749.90.

DoorDash Trading Up 1.2%

DASH stock traded up $2.66 during midday trading on Tuesday, reaching $229.38. The stock had a trading volume of 4,629,105 shares, compared to its average volume of 4,446,664. The firm has a market cap of $98.86 billion, a price-to-earnings ratio of 116.44 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $220.43 and a two-hundred day simple moving average of $241.54.

DoorDash (NASDAQ:DASHGet Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Susquehanna cut their price target on DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada dropped their price objective on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a research note on Friday, December 12th. KeyCorp restated an “overweight” rating and set a $280.00 target price on shares of DoorDash in a report on Friday, November 21st. Finally, Mizuho lowered their price target on DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $277.17.

View Our Latest Analysis on DASH

Institutional Investors Weigh In On DoorDash

Large investors have recently modified their holdings of the business. Brighton Jones LLC lifted its position in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of DoorDash by 152.5% in the 1st quarter. NewEdge Advisors LLC now owns 15,320 shares of the company’s stock valued at $2,800,000 after buying an additional 9,252 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of DoorDash by 342.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 26,105 shares of the company’s stock valued at $4,771,000 after buying an additional 20,205 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of DoorDash in the first quarter valued at $1,120,000. 90.64% of the stock is currently owned by institutional investors.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

DoorDash Company Profile

(Get Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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