Insider Selling: DoorDash (NASDAQ:DASH) Director Sells $4,305,643.75 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 23,125 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $186.19, for a total transaction of $4,305,643.75. Following the transaction, the director owned 10,361 shares of the company’s stock, valued at approximately $1,929,114.59. This represents a 69.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Stanley Tang sold 30,835 shares of DoorDash stock. The shares were sold at an average price of $225.98, for a total transaction of $6,968,093.30.
• On Monday, August 24th, Stanley Tang sold 10,134 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total transaction of $2,280,150.00.
• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The stock was sold at an average price of $225.16, for a total transaction of $16,294,153.72.
• On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The shares were sold at an average price of $225.00, for a total transaction of $2,249,775.00.
• On Thursday, August 20th, Stanley Tang sold 2,160 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $476,539.20.
• On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The shares were sold at an average price of $200.63, for a total value of $13,581,246.59.

DoorDash Stock Up 0.2%

Shares of DoorDash stock opened at $191.71 on Friday. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $83.07 billion, a P/E ratio of 100.37 and a beta of 1.90. The business has a 50-day moving average of $206.55 and a two-hundred day moving average of $182.52.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the company posted $0.65 earnings per share. DoorDash’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities analysts predict that DoorDash, Inc. will post 2.51 EPS for the current year.

Institutional Investors Weigh In On DoorDash

A number of institutional investors and hedge funds have recently made changes to their positions in DASH. MV Capital Management Inc. bought a new stake in DoorDash during the fourth quarter worth $26,000. Washington Trust Advisors Inc. increased its stake in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of DoorDash by 269.4% in the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company’s stock valued at $40,000 after purchasing an additional 194 shares during the period. Ascentis Independent Advisors acquired a new stake in DoorDash in the 1st quarter valued at about $55,000. Finally, University of Texas Texas AM Investment Management Co. grew its holdings in DoorDash by 60.3% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 287 shares of the company’s stock worth $65,000 after purchasing an additional 108 shares during the period. Institutional investors own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Canadian retail expansion: DoorDash is expanding beyond restaurant delivery in Canada, adding broader retail fulfillment opportunities. The move could increase order frequency, merchant participation and marketplace scale. What Does DoorDash Entering Canada Wide Retail Delivery Mean?
• Positive Sentiment: AI and retail push: DoorDash is investing in AI-enabled tools and expanding its retail business. These initiatives could improve personalization, logistics efficiency and monetization, although investors are assessing whether the potential upside is already reflected in DASH’s valuation. DoorDash Expands Its AI and Retail Push
• Positive Sentiment: Constructive technical outlook: A bullish weekly reversal and support near recent lows suggest the stock’s correction may be ending, potentially encouraging momentum-oriented investors. DoorDash Price Forecast: Bullish Reversal Signals More Upside Ahead
• Positive Sentiment: Merchant support: DoorDash and the Greater Memphis Chamber hosted a workshop for small businesses, reinforcing the company’s efforts to recruit merchants and deepen local-commerce relationships. DoorDash and Greater Memphis Chamber Host Workshop
• Neutral Sentiment: AI labor commentary: CEO Tony Xu said AI agents could increase demand for human labor, suggesting AI may complement rather than replace delivery workers. The comments support DoorDash’s technology narrative but do not provide a specific earnings forecast. DoorDash CEO Discusses AI Agents and Human Labor
• Negative Sentiment: Insider selling: Directors Stanley Tang and Andy Fang sold shares, including Tang’s roughly $4.3 million sale under a preset Rule 10b5-1 plan. Planned transactions are not necessarily bearish, but repeated insider sales can weigh on sentiment.
• Negative Sentiment: Operational and reputational risks: Reports of a Maryland delivery crash, a driver injured in a dog attack and a customer-targeted payment scam highlight safety and fraud risks associated with the platform, though the incidents appear isolated. DoorDash Driver in Maryland Crashes During Delivery

Analysts Set New Price Targets

DASH has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and set a $295.00 target price on shares of DoorDash in a report on Tuesday, September 8th. Citigroup restated a “market outperform” rating on shares of DoorDash in a report on Wednesday, September 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of DoorDash in a research report on Thursday, September 3rd. TD Cowen increased their price objective on DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Susquehanna lifted their target price on DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $257.61.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.