DoorDash (NASDAQ:DASH) General Counsel Sells $441,046.97 in Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,743 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the completion of the sale, the general counsel owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Price Performance

Shares of NASDAQ:DASH traded up $3.58 during trading on Wednesday, hitting $157.58. 3,817,798 shares of the company’s stock were exchanged, compared to its average volume of 4,925,924. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The business’s 50-day simple moving average is $162.79 and its 200 day simple moving average is $188.12. The company has a market cap of $68.66 billion, a price-to-earnings ratio of 75.04 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. As a group, equities analysts predict that DoorDash, Inc. will post 2.45 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Moffett Nathanson set a $276.00 price target on DoorDash in a research note on Wednesday, April 15th. Bank of America raised their price objective on DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Piper Sandler lowered their price objective on DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Benchmark raised their price objective on DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Cantor Fitzgerald lowered their price objective on DoorDash from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $259.58.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. increased its holdings in shares of DoorDash by 5.0% in the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after acquiring an additional 22,944 shares during the period. Caprock Group LLC acquired a new stake in shares of DoorDash in the 3rd quarter worth $3,169,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of DoorDash in the 4th quarter worth $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of DoorDash by 7.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock worth $219,276,000 after purchasing an additional 53,722 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its position in shares of DoorDash by 136.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock worth $11,520,000 after purchasing an additional 24,454 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.