Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells $189,980.64 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown sold 1,712 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the transaction, the director now directly owns 70,191 shares of the company’s stock, valued at $7,789,095.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $108.78 on Friday. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $143.34. The firm has a market capitalization of $44.48 billion, a price-to-earnings ratio of -100.72, a price-to-earnings-growth ratio of 27.96 and a beta of 1.69. The business’s 50 day moving average price is $115.60 and its 200-day moving average price is $117.24.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.41) EPS. On average, sell-side analysts expect that DoorDash, Inc. will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. Mariner LLC lifted its holdings in DoorDash by 23.1% in the 3rd quarter. Mariner LLC now owns 41,435 shares of the company’s stock valued at $3,293,000 after purchasing an additional 7,776 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in DoorDash by 8.7% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,870 shares of the company’s stock valued at $228,000 after purchasing an additional 230 shares in the last quarter. Covestor Ltd raised its holdings in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of DoorDash during the 3rd quarter worth $325,000. Finally, Vinva Investment Management Ltd purchased a new position in shares of DoorDash during the 3rd quarter worth $513,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DASH. Truist Financial decreased their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $137.00 price target on shares of DoorDash in a report on Thursday, May 2nd. Benchmark cut their price target on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, Roth Mkm dropped their price objective on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.79.

DoorDash Company Profile

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.