Insider Selling: DoorDash (NASDAQ:DASH) Director Sells $231,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 825 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $280.00, for a total value of $231,000.00. Following the completion of the sale, the director owned 38,502 shares of the company’s stock, valued at $10,780,560. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DoorDash Price Performance

DASH stock opened at $266.02 on Friday. The business has a 50 day simple moving average of $258.41 and a 200-day simple moving average of $226.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $113.64 billion, a PE ratio of 147.79 and a beta of 1.71. DoorDash, Inc. has a 1 year low of $143.37 and a 1 year high of $285.08.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.38) EPS. Equities research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after acquiring an additional 1,792,799 shares in the last quarter. State Street Corp increased its stake in DoorDash by 3.1% during the 2nd quarter. State Street Corp now owns 14,387,499 shares of the company’s stock worth $3,546,662,000 after buying an additional 427,722 shares during the period. Geode Capital Management LLC increased its stake in DoorDash by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after buying an additional 223,188 shares during the period. Invesco Ltd. increased its stake in DoorDash by 12.0% during the 2nd quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock worth $1,325,110,000 after buying an additional 575,629 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in DoorDash by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock worth $897,031,000 after buying an additional 641,601 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DASH. Truist Financial lifted their price target on shares of DoorDash from $272.00 to $326.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wells Fargo & Company reduced their price target on shares of DoorDash from $306.00 to $301.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Royal Bank Of Canada lifted their price target on shares of DoorDash from $230.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Susquehanna lifted their price target on shares of DoorDash from $235.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, August 11th. Finally, UBS Group raised their price objective on DoorDash from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.27.

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.