DoorDash (NASDAQ:DASH) General Counsel Sells $515,604.60 in Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,265 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $227.64, for a total transaction of $515,604.60. Following the completion of the transaction, the general counsel owned 118,262 shares of the company’s stock, valued at $26,921,161.68. This represents a 1.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Performance

Shares of DASH stock opened at $236.74 on Friday. The stock’s 50-day moving average is $199.10 and its two-hundred day moving average is $176.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm has a market cap of $102.58 billion, a price-to-earnings ratio of 123.95 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Analysts predict that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after buying an additional 303 shares during the period. Empowered Funds LLC raised its position in DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC raised its position in DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after buying an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of DoorDash in the 2nd quarter worth $222,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial boosted their price objective on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 target price (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Cantor Fitzgerald upped their price target on shares of DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. KeyCorp decreased their price target on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research report on Friday, August 7th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

DoorDash Company Profile

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.