DoorDash, Inc. (NASDAQ:DASH) Director Sells $561,375.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Ashley Still sold 2,495 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $225.00, for a total value of $561,375.00. Following the completion of the transaction, the director now owns 1,565 shares of the company’s stock, valued at approximately $352,125. This represents a 61.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ashley Still also recently made the following trade(s):

• On Tuesday, June 3rd, Ashley Still sold 63 shares of DoorDash stock. The stock was sold at an average price of $213.43, for a total value of $13,446.09.
• On Friday, May 2nd, Ashley Still sold 62 shares of DoorDash stock. The stock was sold at an average price of $200.00, for a total value of $12,400.00.

DoorDash Price Performance

Shares of DASH opened at $242.32 on Friday. The company has a market cap of $102.68 billion, a P/E ratio of 314.71 and a beta of 1.67. The stock has a fifty day moving average price of $206.04 and a 200 day moving average price of $191.32. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $242.63.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Saudi Central Bank bought a new position in shares of DoorDash in the first quarter worth $25,000. WPG Advisers LLC bought a new position in shares of DoorDash in the first quarter worth $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash in the first quarter worth $27,000. Harbour Investments Inc. grew its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares in the last quarter. Finally, SouthState Corp grew its stake in shares of DoorDash by 762.5% in the first quarter. SouthState Corp now owns 207 shares of the company’s stock worth $38,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DASH shares. DA Davidson upped their target price on DoorDash from $150.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $230.00 target price on shares of DoorDash in a research report on Wednesday, May 7th. Benchmark upped their target price on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Citigroup reaffirmed an “outperform” rating on shares of DoorDash in a research report on Thursday, June 12th. Finally, JMP Securities upped their target price on DoorDash from $225.00 to $235.00 and gave the company a “market outperform” rating in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $214.76.

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.