Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Insider Sells 5,509 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.24, for a total value of $970,906.16. Following the transaction, the insider now directly owns 118,712 shares of the company’s stock, valued at $20,921,802.88. This represents a 4.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Keith Yandell also recently made the following trade(s):

• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40.

DoorDash Stock Performance

NASDAQ:DASH opened at $178.44 on Friday. The firm’s 50-day moving average is $156.47 and its 200-day moving average is $130.31. DoorDash, Inc. has a 52-week low of $92.58 and a 52-week high of $181.30. The company has a market cap of $74.12 billion, a price-to-earnings ratio of -396.53, a PEG ratio of 13.77 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the firm posted ($0.19) EPS. The business’s revenue was up 25.0% compared to the same quarter last year. Equities analysts predict that DoorDash, Inc. will post 0.26 EPS for the current year.

Institutional Trading of DoorDash

Institutional investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its position in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after acquiring an additional 10,755 shares in the last quarter. Marshall Wace LLP boosted its position in shares of DoorDash by 930.5% during the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after acquiring an additional 610,388 shares in the last quarter. Forsta AP Fonden boosted its position in shares of DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after acquiring an additional 10,100 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. Finally, CWM LLC boosted its position in shares of DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after acquiring an additional 5,273 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on DASH. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target for the company in a research report on Wednesday, September 25th. UBS Group raised their price target on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Citigroup upped their price objective on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James started coverage on shares of DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Finally, Truist Financial upped their price target on shares of DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

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.