Keith Yandell Sells 9,172 Shares of DoorDash, Inc. (NYSE:DASH) Stock

DoorDash, Inc. (NYSE:DASH – Get Rating) insider Keith Yandell sold 9,172 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $66.88, for a total value of $613,423.36. Following the sale, the insider now owns 244,405 shares of the company’s stock, valued at $16,345,806.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 28th, Keith Yandell sold 3,657 shares of DoorDash stock. The shares were sold at an average price of $58.37, for a total value of $213,459.09.

DoorDash Stock Up 0.8 %

Shares of NYSE DASH opened at $66.50 on Friday. The stock’s 50 day moving average price is $62.44 and its two-hundred day moving average price is $58.14. DoorDash, Inc. has a 52-week low of $41.37 and a 52-week high of $87.00. The stock has a market capitalization of $25.84 billion, a P/E ratio of -18.73 and a beta of 1.51.

DoorDash (NYSE:DASH – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.15. DoorDash had a negative return on equity of 14.00% and a negative net margin of 18.98%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.92 billion. On average, analysts anticipate that DoorDash, Inc. will post -1.74 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Manchester Capital Management LLC bought a new position in DoorDash in the first quarter worth about $25,000. Elequin Securities LLC bought a new stake in shares of DoorDash in the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new position in DoorDash during the 4th quarter valued at approximately $29,000. UMB Bank n.a. grew its stake in DoorDash by 42.3% during the 4th quarter. UMB Bank n.a. now owns 703 shares of the company’s stock worth $34,000 after buying an additional 209 shares during the last quarter. Finally, CI Investments Inc. increased its position in DoorDash by 122.4% in the fourth quarter. CI Investments Inc. now owns 714 shares of the company’s stock worth $35,000 after buying an additional 393 shares during the period. 72.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DASH. Barclays lifted their price objective on DoorDash from $70.00 to $75.00 in a research note on Friday, May 5th. Moffett Nathanson initiated coverage on shares of DoorDash in a research report on Monday, January 30th. They issued an “outperform” rating and a $79.00 price objective for the company. Morgan Stanley lifted their target price on shares of DoorDash from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. Roth Mkm assumed coverage on DoorDash in a report on Friday, April 21st. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. reduced their price objective on DoorDash from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $80.40.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.