Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 50,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $170.01, for a total transaction of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $178.66, for a total transaction of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00.
• On Monday, November 18th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00.

DoorDash Stock Performance

DASH traded up $0.96 during trading on Tuesday, reaching $169.33. The company had a trading volume of 2,262,057 shares, compared to its average volume of 2,342,083. The firm’s 50-day simple moving average is $173.31 and its 200 day simple moving average is $144.48. The company has a market cap of $70.34 billion, a price-to-earnings ratio of -376.29, a PEG ratio of 13.46 and a beta of 1.71. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $181.78.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) EPS. On average, sell-side analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On DoorDash

A number of institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its position in DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares during the period. Marshall Wace LLP boosted its position in DoorDash by 930.5% during the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after acquiring an additional 610,388 shares during the period. Forsta AP Fonden boosted its position in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after acquiring an additional 10,100 shares during the period. Sanctuary Advisors LLC boosted its position in DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after acquiring an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. boosted its position in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DASH shares. KeyCorp boosted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Benchmark boosted their price target on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, October 17th. DA Davidson boosted their price target on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Bank of America boosted their price target on shares of DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $174.30.

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.