Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 1,855 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 1,855 shares of DoorDash stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the completion of the sale, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

DoorDash Stock Up 2.4 %

Shares of DASH opened at $177.24 on Monday. The business has a fifty day moving average of $153.61 and a 200 day moving average of $129.08. The company has a market cap of $73.62 billion, a PE ratio of -393.87, a P/E/G ratio of 13.31 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $92.56 and a 52-week high of $178.16.

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

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. grew its holdings in shares of DoorDash by 10.6% in the third 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 during the last quarter. Marshall Wace LLP grew its stake in DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after purchasing an additional 610,388 shares in the last quarter. Forsta AP Fonden increased its holdings in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the period. Baillie Gifford & Co. raised its position in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of DoorDash by 97.1% in the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after buying an additional 5,273 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DASH shares. Morgan Stanley boosted their price objective on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a report on Wednesday, September 25th. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Thursday, September 19th. Finally, Oppenheimer upped their price objective on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $164.03.

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.