Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells $8,416,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andy Fang also recently made the following trade(s):

• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $170.01, for a total transaction of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $178.66, for a total transaction of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $176.66, for a total transaction of $8,833,000.00.
• On Monday, November 18th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00.

DoorDash Stock Down 0.2 %

DASH opened at $170.85 on Friday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $181.78. The company has a 50 day moving average of $173.54 and a two-hundred day moving average of $145.09. The company has a market cap of $70.97 billion, a P/E ratio of -379.67, a P/E/G ratio of 1.77 and a beta of 1.71.

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

Institutional Investors Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. grew its stake in DoorDash by 302.3% during 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 period. Meeder Asset Management Inc. lifted its position in shares of DoorDash by 82.0% during the second 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 acquired a new position in shares of DoorDash during the second quarter worth $32,000. ORG Wealth Partners LLC acquired a new position in shares of DoorDash during the fourth quarter worth $36,000. Finally, Quest Partners LLC lifted its position in shares of DoorDash by 146.8% during the second 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. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DASH shares. Evercore ISI raised their price objective on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Bank of America raised their price objective on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Citigroup lifted their target price on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group lifted their target price on shares of DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.97.

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.