DoorDash, Inc. (NASDAQ:DASH) Director Sells $6,510,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, July 11th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $105.57, for a total transaction of $5,278,500.00.

DoorDash Price Performance

DASH stock traded down $0.48 during trading on Monday, reaching $130.87. 3,254,504 shares of the stock traded hands, compared to its average volume of 3,959,472. The firm has a market capitalization of $53.51 billion, a PE ratio of -121.62, a P/E/G ratio of 275.59 and a beta of 1.69. The business’s 50 day moving average price is $118.66 and its 200-day moving average price is $121.28. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) EPS. On average, equities research analysts predict that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on DoorDash from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Evercore ISI lifted their target price on DoorDash from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Argus started coverage on DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. KeyCorp initiated coverage on DoorDash in a report on Thursday, July 11th. They set a “sector weight” rating for the company. Finally, Oppenheimer raised their price objective on shares of DoorDash from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.57.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in shares of DoorDash by 102.5% during the 4th quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock valued at $19,694,000 after acquiring an additional 100,787 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of DoorDash during the first quarter worth about $2,969,000. Bank of Nova Scotia lifted its stake in shares of DoorDash by 298.3% during the fourth quarter. Bank of Nova Scotia now owns 186,201 shares of the company’s stock worth $18,413,000 after purchasing an additional 139,450 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of DoorDash by 294.5% in the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after buying an additional 1,200,181 shares during the period. Finally, D L Carlson Investment Group Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at about $2,421,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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.