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

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.24, for a total value of $970,906.16. Following the sale, the insider now directly owns 118,712 shares of the company’s stock, valued at approximately $20,921,802.88. This represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

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

DoorDash Price Performance

NASDAQ DASH opened at $179.01 on Wednesday. The firm has a market capitalization of $74.36 billion, a P/E ratio of -397.80, a P/E/G ratio of 13.63 and a beta of 1.67. DoorDash, Inc. has a 1-year low of $92.56 and a 1-year high of $181.30. The business’s 50-day simple moving average is $154.57 and its 200-day simple moving average is $129.52.

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

Analysts Set New Price Targets

Several research firms have issued reports on DASH. Raymond James began coverage on DoorDash in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective for the company. Benchmark increased their price objective on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. KeyCorp increased their price objective on DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective on DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, 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 research report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.03.

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its position in DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares in the last quarter. Marshall Wace LLP lifted its position in DoorDash by 930.5% during the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after acquiring an additional 610,388 shares in the last quarter. Forsta AP Fonden lifted its position 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 acquiring an additional 10,100 shares in the last quarter. Baillie Gifford & Co. lifted 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 worth $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. Finally, CWM LLC lifted its position in DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after acquiring an additional 5,273 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

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.