DoorDash, Inc. (NASDAQ:DASH) Director Sells $7,491,500.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at $2,710,274.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Andy Fang also recently made the following trade(s):

• On Thursday, October 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $143.76, for a total transaction of $7,188,000.00.
• On Thursday, September 12th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00.

DoorDash Stock Up 0.7 %

Shares of NASDAQ DASH opened at $149.86 on Thursday. The stock has a market capitalization of $61.28 billion, a PE ratio of -138.76, a P/E/G ratio of 425.82 and a beta of 1.70. The firm has a fifty day moving average of $134.16 and a 200-day moving average of $122.77. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $150.29.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. DoorDash’s revenue was up 23.3% on a year-over-year basis. During the same period last year, the firm posted ($0.44) EPS. Equities research analysts expect that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Trading of DoorDash

A number of institutional investors have recently modified their holdings of DASH. Meeder Asset Management Inc. lifted its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of DoorDash in the 2nd quarter valued at $32,000. Versant Capital Management Inc lifted its holdings in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after acquiring an additional 259 shares in the last quarter. ORG Partners LLC boosted its position in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the period. Finally, Quest Partners LLC increased its holdings in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DASH shares. UBS Group upped their price target on DoorDash from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley upped their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price target on DoorDash from $137.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of DoorDash in a research note on Friday, August 2nd. Finally, Raymond James initiated coverage on shares of DoorDash in a research report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $146.91.

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.