Insider Selling: DoorDash, Inc. (NASDAQ:DASH) General Counsel Sells $2,459,303.60 in Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,088 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tia Sherringham also recently made the following trade(s):

• On Monday, December 2nd, Tia Sherringham sold 11,694 shares of DoorDash stock. The shares were sold at an average price of $176.91, for a total value of $2,068,785.54.

DoorDash Trading Up 3.8 %

DASH stock opened at $198.60 on Thursday. The stock has a 50-day moving average price of $183.84 and a two-hundred day moving average price of $162.54. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The company has a market cap of $83.43 billion, a PE ratio of 735.56 and a beta of 1.72.

Analysts Set New Price Targets

Several research firms have recently commented on DASH. Needham & Company LLC raised their price target on DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Barclays raised their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Wedbush lifted their price objective on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Wolfe Research lifted their price objective on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada lifted their price objective on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

Institutional Investors Weigh In On DoorDash

A number of institutional investors have recently added to or reduced their stakes in DASH. Rakuten Securities Inc. grew its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the period. Pittenger & Anderson Inc. purchased a new stake in DoorDash during the fourth quarter valued at about $29,000. Denver PWM LLC purchased a new stake in DoorDash during the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash during the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of DoorDash during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.