DoorDash, Inc. (NASDAQ:DASH) Insider Sells $706,193.50 in Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 6,554 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $107.75, for a total value of $706,193.50. Following the sale, the insider now owns 155,097 shares in the company, valued at approximately $16,711,701.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Keith Yandell also recently made the following trade(s):

• On Wednesday, June 5th, Keith Yandell sold 12,088 shares of DoorDash stock. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92.

DoorDash Stock Performance

Shares of NASDAQ DASH traded up $0.17 during trading on Wednesday, hitting $107.62. The company had a trading volume of 1,628,054 shares, compared to its average volume of 3,937,264. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $143.34. The company has a market cap of $44.01 billion, a P/E ratio of -100.71, a PEG ratio of 27.50 and a beta of 1.67. The business’s 50-day moving average is $114.79 and its 200 day moving average is $117.44.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the company posted ($0.41) EPS. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, research analysts expect that DoorDash, Inc. will post 0.11 EPS for the current year.

Analyst Ratings Changes

DASH has been the topic of several research reports. Truist Financial cut their target price on DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $53.00 to $127.00 in a research report on Friday, March 15th. Wells Fargo & Company raised their price objective on DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Oppenheimer lifted their target price on DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, BMO Capital Markets decreased their target price on DoorDash from $138.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.79.

Hedge Funds Weigh In On DoorDash

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in DoorDash by 102.5% during the 4th quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock worth $19,694,000 after purchasing an additional 100,787 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in DoorDash by 1,725.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after purchasing an additional 1,052,198 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in DoorDash in the 4th quarter worth about $769,000. Bank of Nova Scotia raised its stake in shares of DoorDash by 298.3% during the 4th quarter. Bank of Nova Scotia now owns 186,201 shares of the company’s stock worth $18,413,000 after purchasing an additional 139,450 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of DoorDash by 294.5% during the 4th quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock valued at $158,993,000 after buying an additional 1,200,181 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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.