DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang Sells 45,231 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 45,231 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $211.36, for a total value of $9,560,024.16. Following the sale, the director now owns 26,070 shares in the company, valued at $5,510,155.20. The trade was a 63.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, April 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10.

DoorDash Stock Up 3.1%

Shares of DoorDash stock opened at $220.23 on Thursday. The stock has a market cap of $93.32 billion, a price-to-earnings ratio of 815.67 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $221.15. The company’s fifty day moving average is $190.58 and its 200 day moving average is $185.78.

DoorDash (NASDAQ:DASH) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned ($0.06) EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Saudi Central Bank acquired a new stake in DoorDash during the 1st quarter valued at approximately $25,000. WPG Advisers LLC acquired a new position in shares of DoorDash in the 1st quarter worth approximately $26,000. Pacific Center for Financial Services bought a new stake in shares of DoorDash in the 1st quarter valued at $27,000. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash during the fourth quarter worth $29,000. Finally, Denver PWM LLC acquired a new stake in shares of DoorDash during the fourth quarter worth $30,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DASH has been the topic of a number of analyst reports. Barclays upped their price objective on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Wall Street Zen downgraded shares of DoorDash from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $210.00 price target on shares of DoorDash in a research report on Wednesday, May 7th. Susquehanna increased their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Finally, UBS Group lowered their price objective on shares of DoorDash from $197.00 to $196.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $209.97.

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.