Insider Selling: DoorDash, Inc. (NYSE:DASH) Insider Sells $213,459.09 in Stock

DoorDash, Inc. (NYSE:DASH – Get Rating) insider Keith Yandell sold 3,657 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $58.37, for a total value of $213,459.09. Following the transaction, the insider now directly owns 185,608 shares in the company, valued at approximately $10,833,938.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, February 16th, Keith Yandell sold 10,997 shares of DoorDash stock. The shares were sold at an average price of $70.00, for a total value of $769,790.00.

DoorDash Trading Up 3.7 %

Shares of DoorDash stock opened at $57.34 on Friday. The firm has a market capitalization of $22.48 billion, a PE ratio of -15.84 and a beta of 1.45. The business’s 50-day moving average price is $55.77 and its 200-day moving average price is $55.16. DoorDash, Inc. has a 12 month low of $41.37 and a 12 month high of $130.20.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently modified their holdings of the company. Natixis increased its position in shares of DoorDash by 393.1% during the 4th quarter. Natixis now owns 180,001 shares of the company’s stock valued at $8,788,000 after purchasing an additional 143,500 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of DoorDash by 34.2% during the 4th quarter. Macquarie Group Ltd. now owns 5,298 shares of the company’s stock valued at $259,000 after purchasing an additional 1,350 shares during the last quarter. National Pension Service increased its position in shares of DoorDash by 19.2% during the 4th quarter. National Pension Service now owns 394,320 shares of the company’s stock valued at $19,251,000 after purchasing an additional 63,511 shares during the last quarter. CoreView Capital Management Ltd increased its position in shares of DoorDash by 234.0% during the 4th quarter. CoreView Capital Management Ltd now owns 347,700 shares of the company’s stock valued at $16,975,000 after purchasing an additional 243,595 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in DoorDash by 2.3% during the 4th quarter. Alliancebernstein L.P. now owns 128,053 shares of the company’s stock worth $6,252,000 after acquiring an additional 2,853 shares during the last quarter. 72.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DASH. JPMorgan Chase & Co. dropped their price target on DoorDash from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 26th. Royal Bank of Canada cut DoorDash from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $70.00 to $60.00 in a report on Friday, December 2nd. Morgan Stanley increased their price objective on DoorDash from $62.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, February 17th. Moffett Nathanson began coverage on DoorDash in a report on Monday, January 30th. They set an “outperform” rating and a $79.00 price objective on the stock. Finally, Susquehanna increased their price objective on DoorDash from $75.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.95.

DoorDash Company Profile

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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.