DoorDash, Inc. (NASDAQ:DASH) Director Sells $8,228,746.10 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the sale, the director now owns 18,285 shares of the company’s stock, valued at approximately $3,313,424.85. This represents a 71.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $163.16 on Friday. The business’s 50-day moving average is $191.90 and its 200 day moving average is $173.77. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The firm has a market capitalization of $68.54 billion, a P/E ratio of 604.30 and a beta of 1.69.

Wall Street Analyst Weigh In

DASH has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of DoorDash from $198.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday. Morgan Stanley boosted their target price on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Wolfe Research raised their price target on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $207.29.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently modified their holdings of the stock. Pittenger & Anderson Inc. purchased a new stake in DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash during the fourth quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter worth about $36,000. Finally, IFP Advisors Inc grew its stake in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.