DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang Sells 50,000 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 50,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $176.88, for a total transaction of $8,844,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 20th, Stanley Tang sold 1,855 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $176.88 on Thursday. DoorDash, Inc. has a 1 year low of $93.33 and a 1 year high of $181.30. The company’s 50-day moving average is $159.54 and its 200 day moving average is $132.14. The stock has a market capitalization of $73.48 billion, a P/E ratio of -393.07, a P/E/G ratio of 13.56 and a beta of 1.70.

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

Analyst Ratings Changes

DASH has been the subject of a number of recent analyst reports. 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 price target for the company. Royal Bank of Canada boosted their price target on shares of DoorDash from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods upgraded shares of 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. JMP Securities boosted their price target on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Finally, Truist Financial lifted their price objective on shares of DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four 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 price target of $166.06.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of DASH. Rakuten Securities Inc. grew its holdings in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Meeder Asset Management Inc. grew its holdings in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the period. Headlands Technologies LLC purchased a new stake in DoorDash in the second quarter worth about $32,000. Quest Partners LLC grew its holdings in DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in DoorDash by 141.1% in the second quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock worth $38,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.