DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 21,433 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 21,433 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director directly owned 19,279 shares in the company, valued at $2,891,850. This represents a 52.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stanley Tang also recently made the following trade(s):

• On Monday, February 2nd, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $209.01, for a total transaction of $9,491,144.10.

DoorDash Stock Down 0.9%

Shares of DASH opened at $155.07 on Tuesday. The stock has a market capitalization of $67.37 billion, a PE ratio of 73.15 and a beta of 1.93. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The company’s 50-day simple moving average is $172.14 and its 200-day simple moving average is $211.59.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. Analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in shares of DoorDash by 85.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 45,958 shares of the company’s stock worth $10,409,000 after purchasing an additional 21,221 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at about $209,000. World Investment Advisors lifted its holdings in shares of DoorDash by 6.2% in the 4th quarter. World Investment Advisors now owns 4,175 shares of the company’s stock valued at $946,000 after purchasing an additional 243 shares during the last quarter. Sentinel Dome Partners LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at about $3,103,000. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of DoorDash by 8.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company’s stock valued at $251,000 after purchasing an additional 82 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Mitre 10 (Australia) struck a new delivery deal with DoorDash, expanding the company’s retail footprint in Australia after rival Bunnings partnered with Uber Eats — a small but concrete revenue/market-share win in that region. Mitre 10 strikes new delivery deal with DoorDash
• Positive Sentiment: Celebrity investor commentary: Jim Cramer publicly said DoorDash “can be bought here,” which can boost retail demand and sentiment in the short term. Jim Cramer Says “The Stock of DoorDash Can Be Bought Here”
• Neutral Sentiment: DoorDash is winding down its Zesty restaurant-discovery app — likely a product simplification/reallocation of resources move; could reduce costs but has limited near-term revenue impact. DoorDash winds down restaurant discovery app Zesty
• Neutral Sentiment: Market/technical coverage: CNBC’s Chart Master discussed whether DoorDash can deliver more gains — useful for traders but not new company-level fundamentals. Chart Master: Can DoorDash deliver more gains?
• Negative Sentiment: Insider transaction: Director Stanley Tang sold 21,433 shares (~$3.2M) under a pre-arranged Rule 10b5-1 plan and cut his holding by ~52.6%. Large insider sales can be read negatively by investors despite the 10b5-1 disclosure. SEC Form 4 — Stanley Tang sale
• Negative Sentiment: Safety and PR risk: An 18-year-old DoorDash delivery worker was killed in a hit-and-run, and separate incidents include vehicle thefts from drivers and a police chase. These stories raise driver-safety, insurance, liability and recruitment concerns. 18-year-old man delivering food for DoorDash killed in Southwest Side hit-and-run: family
• Negative Sentiment: Operational risk — vehicle thefts and related arrests were reported (North Charleston theft/arrest and a separate chase/crash), underscoring on-the-ground safety and potential cost implications. Teen arrested for DoorDash car theft in North Charleston Man steals car from DoorDash driver, leads police on chase
• Negative Sentiment: Fraud/tax exposure: Reports that scammers use stolen identities to work for DoorDash (leaving victims with tax bills) highlight compliance, verification and potential remediation costs. Scammers use stolen identities to work for DoorDash

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DASH. The Goldman Sachs Group set a $267.00 target price on shares of DoorDash in a report on Monday, February 2nd. Benchmark raised their target price on shares of DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Guggenheim reduced their target price on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Citigroup reduced their target price on shares of DoorDash from $283.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, DA Davidson reduced their target price on shares of DoorDash from $260.00 to $224.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.12.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.