DoorDash, Inc. (NYSE:DASH) General Counsel Sells $55,000.00 in Stock

DoorDash, Inc. (NYSE:DASH – Get Rating) General Counsel Tia Sherringham sold 625 shares of the stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $88.00, for a total transaction of $55,000.00. Following the transaction, the general counsel now owns 163,337 shares in the company, valued at approximately $14,373,656. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tia Sherringham also recently made the following trade(s):

• On Friday, March 25th, Tia Sherringham sold 625 shares of DoorDash stock. The shares were sold at an average price of $113.94, for a total transaction of $71,212.50.
• On Friday, February 25th, Tia Sherringham sold 2,754 shares of DoorDash stock. The shares were sold at an average price of $98.74, for a total transaction of $271,929.96.
• On Monday, February 28th, Tia Sherringham sold 625 shares of DoorDash stock. The stock was sold at an average price of $101.49, for a total transaction of $63,431.25.
• On Tuesday, February 22nd, Tia Sherringham sold 1,604 shares of DoorDash stock. The stock was sold at an average price of $94.68, for a total transaction of $151,866.72.

Shares of NYSE:DASH opened at $82.22 on Thursday. DoorDash, Inc. has a 52 week low of $74.32 and a 52 week high of $257.25. The stock has a market capitalization of $28.65 billion and a P/E ratio of -59.15. The firm has a fifty day simple moving average of $101.60 and a two-hundred day simple moving average of $140.74.

DoorDash (NYSE:DASH – Get Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.17). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned ($2.67) earnings per share. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. On average, equities research analysts forecast that DoorDash, Inc. will post -1.23 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its stake in shares of DoorDash by 3,850.0% during the 3rd quarter. Clearstead Advisors LLC now owns 158 shares of the company’s stock worth $33,000 after purchasing an additional 154 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in DoorDash during the 3rd quarter valued at about $41,000. Cullen Frost Bankers Inc. bought a new stake in DoorDash during the 4th quarter valued at about $45,000. CWM LLC lifted its holdings in DoorDash by 608.1% during the 1st quarter. CWM LLC now owns 439 shares of the company’s stock valued at $51,000 after buying an additional 377 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in DoorDash by 4,016.7% during the 3rd quarter. US Bancorp DE now owns 247 shares of the company’s stock valued at $52,000 after buying an additional 241 shares in the last quarter. 75.44% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on DASH shares. Truist Financial decreased their price target on shares of DoorDash from $260.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Susquehanna decreased their price target on shares of DoorDash from $260.00 to $145.00 and set a “positive” rating on the stock in a research report on Thursday, February 17th. Evercore ISI decreased their price target on shares of DoorDash from $256.00 to $172.00 and set an “outperform” rating on the stock in a research report on Thursday, February 17th. Citigroup assumed coverage on shares of DoorDash in a research report on Tuesday, April 19th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, Bank of America decreased their price objective on shares of DoorDash from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Buy” and a consensus price target of $175.75.

DoorDash Company Profile (Get Rating)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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