Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Insider Sells $970,906.16 in Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the completion of the transaction, the insider now directly owns 118,712 shares of the company’s stock, valued at $20,921,802.88. The trade was a 4.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Keith Yandell also recently made the following trade(s):

• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40.

DoorDash Trading Down 0.3 %

DASH stock opened at $178.44 on Friday. The firm has a market cap of $74.12 billion, a P/E ratio of -396.53, a P/E/G ratio of 13.77 and a beta of 1.67. DoorDash, Inc. has a 12-month low of $92.58 and a 12-month high of $181.30. The stock’s 50 day simple moving average is $156.47 and its 200 day simple moving average is $130.31.

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

Analyst Upgrades and Downgrades

DASH has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Benchmark upped their price objective on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Truist Financial upped their price objective on shares of DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price objective on shares of DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, UBS Group upped their price objective on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

Institutional Investors Weigh In On DoorDash

Large investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. increased its holdings in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Headlands Technologies LLC acquired a new position in shares of DoorDash during the second quarter valued at $32,000. Versant Capital Management Inc increased its holdings in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

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.