Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 66,195 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 66,195 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $139.31, for a total value of $9,221,625.45. Following the completion of the transaction, the director now directly owns 36,482 shares of the company’s stock, valued at $5,082,307.42. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, March 28th, Andy Fang sold 67,000 shares of DoorDash stock. The stock was sold at an average price of $139.09, for a total value of $9,319,030.00.
• On Friday, February 16th, Andy Fang sold 67,000 shares of DoorDash stock. The shares were sold at an average price of $110.57, for a total value of $7,408,190.00.

DoorDash Price Performance

DASH opened at $132.90 on Tuesday. The business’s 50-day moving average price is $129.22 and its two-hundred day moving average price is $105.70. DoorDash, Inc. has a 1 year low of $56.59 and a 1 year high of $143.34. The company has a market capitalization of $53.69 billion, a price-to-earnings ratio of -92.94, a P/E/G ratio of 16.22 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the business earned ($0.63) EPS. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. Sell-side analysts anticipate that DoorDash, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

DASH has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, February 16th. The Goldman Sachs Group increased their price objective on DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Morgan Stanley upgraded DoorDash from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $135.00 to $145.00 in a research report on Thursday, February 22nd. Oppenheimer increased their price objective on DoorDash from $110.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, UBS Group decreased their price objective on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $128.25.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Norges Bank acquired a new stake in shares of DoorDash in the fourth quarter valued at about $132,721,000. Vanguard Group Inc. increased its position in shares of DoorDash by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after acquiring an additional 2,259,976 shares during the last quarter. Amundi increased its position in shares of DoorDash by 1,801.6% in the fourth quarter. Amundi now owns 1,797,416 shares of the company’s stock valued at $93,106,000 after acquiring an additional 1,702,894 shares during the last quarter. State Street Corp increased its position in shares of DoorDash by 49.4% in the second quarter. State Street Corp now owns 4,358,288 shares of the company’s stock valued at $279,671,000 after acquiring an additional 1,441,028 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of DoorDash by 5.0% in the fourth quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock valued at $1,419,988,000 after acquiring an additional 1,384,006 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Company Profile

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.