DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 1,398 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 1,398 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00.
• 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 shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00.

DoorDash Trading Down 2.0 %

DoorDash stock opened at $195.87 on Tuesday. The company has a fifty day simple moving average of $182.89 and a 200 day simple moving average of $161.81. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The company has a market cap of $82.28 billion, a P/E ratio of 725.44 and a beta of 1.72.

Analyst Ratings Changes

A number of research firms have recently weighed in on DASH. Wedbush increased their price target on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. DA Davidson increased their target price on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Citigroup boosted their target price on DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Evercore ISI increased their price target on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Bank of America boosted their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently modified their holdings of the stock. Asset Management One Co. Ltd. boosted its position in DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after purchasing an additional 10,755 shares during the last quarter. Swedbank AB raised its stake in shares of DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after buying an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

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.