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

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $170.34, for a total transaction of $8,517,000.00. Following the sale, the director now owns 35,413 shares in the company, valued at $6,032,250.42. The trade was a 58.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 transaction of $8,844,000.00.
• On Wednesday, November 20th, Stanley Tang sold 1,855 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90.

DoorDash Trading Up 2.5 %

Shares of DASH stock opened at $174.96 on Friday. The company has a market cap of $72.68 billion, a PE ratio of -388.80, a P/E/G ratio of 13.56 and a beta of 1.70. The company’s fifty day simple moving average is $171.36 and its 200-day simple moving average is $141.72. DoorDash, Inc. has a 52 week low of $93.33 and a 52 week high of $181.78.

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

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its stake in shares of DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after purchasing an additional 10,755 shares during the period. Marshall Wace LLP increased 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 lifted its holdings in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after buying an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC boosted its position in DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DASH. Susquehanna raised their price objective on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, November 1st. KeyCorp raised their price target on DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Truist Financial boosted their price objective on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company raised their target price 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. Finally, BMO Capital Markets lifted their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $171.42.

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.