DoorDash, Inc. (NASDAQ:DASH) Director Sells $289,161.60 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown sold 1,248 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total transaction of $289,161.60. Following the sale, the director now owns 45,213 shares in the company, valued at $10,475,852.10. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

DoorDash Stock Performance

NASDAQ:DASH opened at $242.32 on Friday. The company has a market capitalization of $102.68 billion, a PE ratio of 314.71 and a beta of 1.67. The company has a 50 day simple moving average of $206.04 and a two-hundred day simple moving average of $191.32. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $242.63.

DoorDash (NASDAQ:DASH) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS. Research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on DASH. KeyCorp reduced their price objective on shares of DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. DA Davidson increased their price objective on shares of DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. JMP Securities increased their price objective on shares of DoorDash from $225.00 to $235.00 and gave the stock a “market outperform” rating in a research note on Thursday, June 12th. Benchmark increased their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company dropped their target price on shares of DoorDash from $201.00 to $198.00 and set an “equal weight” rating for the company in a report on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $214.76.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares during the period. Principal Financial Group Inc. lifted its stake in DoorDash by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 93,382 shares of the company’s stock valued at $15,665,000 after acquiring an additional 2,596 shares in the last quarter. Truist Financial Corp lifted its stake in DoorDash by 35.1% during the 4th quarter. Truist Financial Corp now owns 8,597 shares of the company’s stock valued at $1,442,000 after acquiring an additional 2,233 shares in the last quarter. Global Retirement Partners LLC lifted its stake in DoorDash by 13.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,897 shares of the company’s stock valued at $318,000 after acquiring an additional 232 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its stake in DoorDash by 5.1% during the 4th quarter. Howard Capital Management Inc. now owns 1,841 shares of the company’s stock valued at $309,000 after acquiring an additional 90 shares in 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.