Tia Sherringham Sells 12,088 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,088 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the transaction, the general counsel now owns 122,135 shares in the company, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tia Sherringham also recently made the following trade(s):

• On Monday, December 2nd, Tia Sherringham sold 11,694 shares of DoorDash stock. The stock was sold at an average price of $176.91, for a total value of $2,068,785.54.

DoorDash Trading Up 3.8 %

NASDAQ:DASH opened at $198.60 on Thursday. The firm has a market capitalization of $83.43 billion, a PE ratio of 735.56 and a beta of 1.72. The stock has a 50 day moving average of $183.84 and a 200-day moving average of $162.54. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.24.

Hedge Funds Weigh In On DoorDash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Sequoia Financial Advisors LLC grew its holdings in DoorDash by 36.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,980 shares of the company’s stock worth $568,000 after buying an additional 1,058 shares in the last quarter. International Assets Investment Management LLC bought a new position in DoorDash in the 3rd quarter worth approximately $1,772,000. Ballentine Partners LLC grew its holdings in DoorDash by 29.8% in the 3rd quarter. Ballentine Partners LLC now owns 2,850 shares of the company’s stock worth $407,000 after buying an additional 655 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in DoorDash by 14.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,676 shares of the company’s stock worth $10,763,000 after buying an additional 9,359 shares in the last quarter. Finally, Forsta AP Fonden grew 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. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DASH has been the topic of a number of recent research reports. Bank of America boosted their price objective on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Wedbush boosted their price target on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 price target (up previously from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Barclays boosted their price target on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

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.