Insider Selling: DoorDash (NASDAQ:DASH) Director Sells $3,424,650.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 15,000 shares of DoorDash stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 24th, Andy Fang sold 5,000 shares of DoorDash stock. The shares were sold at an average price of $180.00, for a total value of $900,000.00.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $201.03 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The business’s fifty day moving average price is $205.01 and its two-hundred day moving average price is $179.54. The stock has a market cap of $87.11 billion, a PE ratio of 105.25 and a beta of 1.79. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the firm earned $0.65 earnings per share. The business’s revenue was up 35.6% compared to the same quarter last year. On average, analysts forecast that DoorDash, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DASH. Needham & Company LLC restated a “buy” rating and issued a $265.00 target price on shares of DoorDash in a report on Thursday, August 6th. Argus set a $190.00 price objective on shares of DoorDash in a research report on Thursday, June 11th. Raymond James Financial reissued a “buy” rating on shares of DoorDash in a research note on Thursday, September 3rd. Susquehanna raised their target price on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Finally, Benchmark lowered their target price on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell 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 $257.47.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank began coverage of DoorDash with a “sector outperform” rating and a $275 price target, supporting the bullish case for continued growth in delivery, retail and local-commerce services. Scotiabank DoorDash coverage
• Positive Sentiment: Analyst sentiment remains favorable, with DoorDash receiving a consensus “Moderate Buy” rating and an average price target of approximately $256.97. Existing bullish views cite strong revenue growth, increasing DashPass adoption and margin expansion. DoorDash consensus analyst rating
• Positive Sentiment: DoorDash’s recent partnership and advertising activity, including expanded retail delivery efforts, could broaden the platform beyond restaurants and create additional order-frequency opportunities, though the near-term earnings impact is uncertain. Windsor DoorDash partnership
• Neutral Sentiment: The reported September short-interest data shows zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. Because the figures appear unreliable, they provide no meaningful trading signal.
• Negative Sentiment: Director Andy Fang sold 15,000 shares for about $3.42 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its significance, but insider selling may weigh on sentiment while DoorDash trades at a high earnings multiple. DoorDash director stock sale

Institutional Trading of DoorDash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. CYBER HORNET ETFs LLC increased its stake in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after purchasing an additional 60 shares in the last quarter. Vise Technologies Inc. raised its holdings in DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after buying an additional 63 shares during the period. Washington Trust Advisors Inc. lifted its stake in DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its holdings in shares of DoorDash by 2.7% in the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.