DoorDash, Inc. (NASDAQ:DASH) Insider Keith Yandell Sells 5,509 Shares

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $176.24, for a total value of $970,906.16. Following the transaction, the insider now directly owns 118,712 shares of the company’s stock, valued at $20,921,802.88. The trade was a 4.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40.

DoorDash Trading Down 0.1 %

DASH traded down $0.09 on Tuesday, hitting $179.01. 2,739,546 shares of the company’s stock were exchanged, compared to its average volume of 3,798,696. The firm has a market cap of $74.36 billion, a PE ratio of -398.00, a P/E/G ratio of 13.63 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $92.56 and a twelve month high of $181.30. The stock has a fifty day moving average of $154.57 and a two-hundred day moving average of $129.52.

DoorDash (NASDAQ:DASH) last released its quarterly 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. 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 analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, analysts predict that DoorDash, Inc. will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DASH. Rakuten Securities Inc. grew its position in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Meeder Asset Management Inc. grew its position in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new position in DoorDash during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc grew its position in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Finally, Quest Partners LLC grew its position in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DASH shares. BMO Capital Markets increased their price target on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of DoorDash in a research note on Friday, August 2nd. UBS Group raised their target price on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Jefferies Financial Group raised their target price on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler raised their target price on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, 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.