DoorDash, Inc. (NASDAQ:DASH) Director Sells $8,500,500.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $170.01, for a total transaction of $8,500,500.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at $2,750,081.76. The trade was a 75.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00.
• 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 value 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 value 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 value of $8,633,500.00.

DoorDash Trading Up 1.1 %

NASDAQ DASH opened at $171.19 on Thursday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $181.78. The stock has a 50-day moving average of $173.51 and a 200-day moving average of $144.91. The firm has a market cap of $71.11 billion, a PE ratio of -380.42, a price-to-earnings-growth ratio of 13.46 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) EPS. As a group, equities research analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DASH. Commonwealth Equity Services LLC raised its position in DoorDash by 34.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock valued at $683,000 after purchasing an additional 1,611 shares during the last quarter. Quest Partners LLC raised its position in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares in the last quarter. Choreo LLC bought a new position in shares of DoorDash in the 2nd quarter worth approximately $465,000. Headlands Technologies LLC bought a new position in shares of DoorDash in the 2nd quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. raised its position in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of several recent research reports. Mizuho lifted their price target on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wolfe Research lifted their price target on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 target price on shares of DoorDash in a research report on Monday, October 7th. Evercore ISI boosted their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Truist Financial boosted their target price on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $174.30.

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.