DoorDash, Inc. (NASDAQ:DASH – Get Free Report) Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total value of $12,180,324.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stanley Tang also recently made the following trade(s):
- On Tuesday, September 2nd, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $243.31, for a total value of $11,048,707.10.
- On Friday, August 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10.
DoorDash Trading Up 0.4%
DoorDash stock opened at $271.22 on Monday. DoorDash, Inc. has a one year low of $141.26 and a one year high of $278.15. The business’s fifty day moving average is $255.52 and its 200 day moving average is $224.37. The stock has a market capitalization of $115.87 billion, a PE ratio of 150.68 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07.
Institutional Trading of DoorDash
A number of large investors have recently added to or reduced their stakes in the company. Night Squared LP bought a new position in shares of DoorDash during the 1st quarter valued at approximately $2,780,000. Mutual of America Capital Management LLC purchased a new stake in DoorDash during the first quarter valued at $7,200,000. Public Investment Fund lifted its position in DoorDash by 68.3% during the first quarter. Public Investment Fund now owns 821,389 shares of the company’s stock valued at $150,125,000 after purchasing an additional 333,369 shares during the last quarter. Ardmore Road Asset Management LP lifted its position in DoorDash by 6.7% during the first quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock valued at $14,622,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of DoorDash in the 1st quarter worth $29,261,000. Institutional investors own 90.64% of the company’s stock.
Analyst Ratings Changes
DASH has been the topic of several research analyst reports. DA Davidson increased their price target on DoorDash from $190.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Susquehanna upped their price objective on DoorDash from $235.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, August 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $330.00 target price on shares of DoorDash in a research report on Wednesday, September 17th. BTIG Research boosted their price target on DoorDash from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, July 1st. Finally, Sanford C. Bernstein increased their price objective on shares of DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $275.27.
Check Out Our Latest Research Report on DoorDash
About DoorDash
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.
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