Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells $9,221,625.45 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 66,195 shares of DoorDash stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $139.31, for a total transaction of $9,221,625.45. Following the transaction, the director now owns 36,482 shares of the company’s stock, valued at $5,082,307.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, March 28th, Andy Fang sold 67,000 shares of DoorDash stock. The shares were sold at an average price of $139.09, for a total transaction of $9,319,030.00.
• On Friday, February 16th, Andy Fang sold 67,000 shares of DoorDash stock. The shares were sold at an average price of $110.57, for a total transaction of $7,408,190.00.

DoorDash Price Performance

Shares of DASH stock opened at $130.90 on Thursday. DoorDash, Inc. has a 1 year low of $56.59 and a 1 year high of $143.34. The firm has a fifty day moving average price of $129.98 and a 200-day moving average price of $106.26. The company has a market cap of $52.88 billion, a price-to-earnings ratio of -91.54, a PEG ratio of 15.58 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the prior year, the business earned ($0.63) earnings per share. DoorDash’s revenue was up 26.7% compared to the same quarter last year. Equities research analysts expect that DoorDash, Inc. will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DASH. The Goldman Sachs Group raised their price target on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Benchmark began coverage on shares of DoorDash in a research report on Thursday, April 4th. They issued a “buy” rating and a $165.00 target price for the company. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Oppenheimer lifted their target price on shares of DoorDash from $110.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Roth Mkm lifted their target price on shares of DoorDash from $92.00 to $109.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $128.88.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its holdings in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares in the last quarter. Fifth Third Bancorp grew its stake in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares in the last quarter. Valley National Advisers Inc. bought a new stake in DoorDash in the 4th quarter valued at $43,000. SJS Investment Consulting Inc. lifted its stake in DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of DoorDash during the 4th quarter valued at about $49,000. Institutional investors own 90.64% of the company’s stock.

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.