DoorDash, Inc. (NASDAQ:DASH) Director Sells $8,517,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.34, for a total value of $8,517,000.00. Following the completion of the transaction, the director now directly owns 35,413 shares in the company, valued at $6,032,250.42. The trade was a 58.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Stanley Tang also recently made the following trade(s):

• On Monday, December 2nd, Stanley Tang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.88, for a total value of $8,844,000.00.
• On Wednesday, November 20th, Stanley Tang sold 1,855 shares of DoorDash stock. The stock was sold at an average price of $169.98, for a total value of $315,312.90.

DoorDash Trading Up 2.5 %

NASDAQ DASH opened at $174.96 on Monday. DoorDash, Inc. has a 12 month low of $93.33 and a 12 month high of $181.78. The firm has a market capitalization of $72.68 billion, a PE ratio of -388.80, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70. The business’s 50-day moving average price is $171.36 and its two-hundred day moving average price is $141.93.

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

Institutional Investors Weigh In On DoorDash

A number of large investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its position in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Marshall Wace LLP raised its stake in DoorDash by 930.5% during the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after buying an additional 610,388 shares during the period. Forsta AP Fonden boosted its holdings in DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after acquiring an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC grew its stake in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DASH. Susquehanna boosted their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Mizuho increased their price target on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler increased their target price on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.42.

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.