DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham Sells 12,088 Shares

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tia Sherringham also recently made the following trade(s):

• On Monday, December 2nd, Tia Sherringham sold 11,694 shares of DoorDash stock. The shares were sold at an average price of $176.91, for a total transaction of $2,068,785.54.

DoorDash Trading Down 2.0 %

Shares of DASH opened at $195.87 on Tuesday. The company’s fifty day simple moving average is $182.89 and its 200 day simple moving average is $161.81. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The company has a market cap of $82.28 billion, a price-to-earnings ratio of 725.44 and a beta of 1.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after purchasing an additional 317,502 shares during the period. Baillie Gifford & Co. increased its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Capital World Investors raised its stake in DoorDash by 26.4% in the fourth 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 period. State Street Corp lifted its position in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after buying an additional 272,659 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after acquiring an additional 700,465 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Oppenheimer boosted their target price on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Roth Mkm lifted their price objective on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Barclays increased their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $206.52.

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.