Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 50,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. This represents a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $170.01, for a total transaction of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $178.66, for a total transaction of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00.
• On Monday, November 18th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00.

DoorDash Trading Down 0.2 %

NASDAQ:DASH opened at $170.85 on Friday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $181.78. The company has a 50-day moving average of $173.54 and a 200-day moving average of $145.09. The firm has a market cap of $70.97 billion, a price-to-earnings ratio of -379.67, a price-to-earnings-growth ratio of 1.77 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted ($0.19) EPS. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, research analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On DoorDash

Large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its stake in DoorDash by 34.5% during the second quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock valued at $683,000 after buying an additional 1,611 shares in the last quarter. Quest Partners LLC lifted its stake in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after buying an additional 204 shares in the last quarter. Choreo LLC purchased a new stake in DoorDash during the second quarter valued at about $465,000. Headlands Technologies LLC purchased a new stake in DoorDash during the second quarter valued at about $32,000. Finally, Meeder Asset Management Inc. lifted its stake 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. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a report on Thursday. KeyCorp increased their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Benchmark increased their target price on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, Truist Financial increased their target price on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $175.97.

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.