DoorDash, Inc. (NASDAQ:DASH) Insider Keith Yandell Sells 8,116 Shares

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This represents a 7.16 % 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 Friday, December 6th, Keith Yandell sold 4,474 shares of DoorDash stock. The shares were sold at an average price of $177.36, for a total transaction of $793,508.64.

DoorDash Price Performance

Shares of DoorDash stock opened at $195.87 on Tuesday. The stock has a 50-day simple moving average of $182.89 and a 200-day simple moving average of $161.81. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The firm has a market cap of $82.28 billion, a price-to-earnings ratio of 725.44 and a beta of 1.72.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DASH. Bank of America boosted their target price on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. KeyCorp upped their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. UBS Group raised their price objective on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Evercore ISI lifted their target price on DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

Institutional Trading of DoorDash

Institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC increased its stake in shares of DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after purchasing an additional 51 shares during the last quarter. IFP Advisors Inc increased its position in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares in the last quarter. Avestar Capital LLC raised its holdings in DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.