Andy Fang Sells 50,000 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.66, for a total value of $8,933,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at $2,890,004.16. This trade represents a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was 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 stock was sold at an average price of $172.67, for a total value of $8,633,500.00.

DoorDash Stock Performance

Shares of DoorDash stock traded down $1.78 during trading hours on Monday, reaching $168.34. The company’s stock had a trading volume of 1,384,441 shares, compared to its average volume of 2,245,409. DoorDash, Inc. has a one year low of $99.32 and a one year high of $181.78. The company’s 50 day simple moving average is $173.09 and its 200 day simple moving average is $144.07. The stock has a market cap of $69.93 billion, a P/E ratio of -374.09, a price-to-earnings-growth ratio of 13.46 and a beta of 1.70.

DoorDash (NASDAQ:DASHGet Free Report) last issued its 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 company had revenue of $2.71 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($0.19) earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. lifted its stake in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of DoorDash in the 2nd quarter worth about $32,000. Meeder Asset Management Inc. lifted its position in DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in DoorDash during the 4th quarter valued at about $36,000. Finally, Quest Partners LLC grew its position in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DASH shares. Bank of America upped their price target on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their price target on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Mizuho lifted their price target on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer increased their price objective on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, KeyCorp lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $174.30.

Get Our Latest Analysis on DASH

About DoorDash

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.