DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 50,000 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $143.76, for a total value of $7,188,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,600,474.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, September 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00.

DoorDash Stock Down 0.8 %

DASH traded down $1.15 during trading on Tuesday, reaching $148.87. The company’s stock had a trading volume of 3,602,534 shares, compared to its average volume of 3,896,011. The firm has a fifty day simple moving average of $133.07 and a two-hundred day simple moving average of $122.50. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $150.29. The company has a market cap of $60.88 billion, a price-to-earnings ratio of -138.91, a PEG ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, equities analysts forecast that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

DASH has been the subject of several analyst reports. Susquehanna increased their price objective on DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a report on Monday, August 5th. Redburn Atlantic initiated coverage on DoorDash in a research report on Friday, July 26th. They issued a “buy” rating and a $170.00 target price on the stock. Oppenheimer upped their target price on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Wells Fargo & Company upped their target price on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Finally, Roth Mkm upped their target price on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.91.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of DoorDash by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after buying an additional 2,259,976 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of DoorDash by 0.8% during the 2nd quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after buying an additional 94,241 shares during the last quarter. Capital World Investors increased its holdings in shares of DoorDash by 0.8% during the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after buying an additional 74,504 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of DoorDash by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after buying an additional 242,956 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after buying an additional 3,425,115 shares during the last quarter. Institutional investors and hedge funds 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.