DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang Sells 50,000 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 35,413 shares of the company’s stock, valued at approximately $6,032,250.42. This represents a 58.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Stanley Tang also recently made the following trade(s):

• On Monday, December 2nd, Stanley Tang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $176.88, for a total value 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 value of $315,312.90.

DoorDash Price Performance

DASH stock traded up $4.31 during midday trading on Friday, hitting $174.96. The company’s stock had a trading volume of 1,913,750 shares, compared to its average volume of 2,113,565. The company’s fifty day moving average price is $170.94 and its 200 day moving average price is $141.09. DoorDash, Inc. has a twelve month low of $93.33 and a twelve month high of $181.78. The stock has a market capitalization of $72.68 billion, a P/E ratio of -388.80, a PEG ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results 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 firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the firm posted ($0.19) earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. Equities analysts expect that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the topic of several analyst reports. Citigroup upped their target price on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group raised their price objective on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Benchmark boosted their target price on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their price target on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group boosted their price objective on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.42.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its stake in DoorDash by 13.2% in 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 during the period. State Street Corp boosted its position in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after acquiring an additional 272,659 shares during the period. Janus Henderson Group PLC grew its stake in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Geode Capital Management LLC increased its position in DoorDash by 6.4% during the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after acquiring an additional 267,855 shares during the period. Finally, Franklin Resources Inc. raised its stake in DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.