Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells $448,800.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown sold 1,650 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $272.00, for a total value of $448,800.00. Following the sale, the director owned 41,827 shares of the company’s stock, valued at approximately $11,376,944. This represents a 3.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

DoorDash Stock Down 3.8%

Shares of NASDAQ DASH opened at $254.20 on Thursday. The firm has a market cap of $107.72 billion, a price-to-earnings ratio of 141.22 and a beta of 1.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 52-week low of $122.32 and a 52-week high of $278.15. The business’s 50 day moving average is $238.66 and its two-hundred day moving average is $208.04.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. DA Davidson raised their target price on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Morgan Stanley raised their target price on DoorDash from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their target price on DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Roth Capital raised their target price on DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, JMP Securities increased their price target on DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. Twelve investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $263.88.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Per Stirling Capital Management LLC. acquired a new position in shares of DoorDash in the second quarter worth $203,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of DoorDash by 25.2% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 780 shares of the company’s stock worth $192,000 after acquiring an additional 157 shares in the last quarter. Ardmore Road Asset Management LP grew its stake in shares of DoorDash by 26.3% in the second quarter. Ardmore Road Asset Management LP now owns 101,000 shares of the company’s stock worth $24,898,000 after acquiring an additional 21,000 shares in the last quarter. Avestar Capital LLC grew its stake in shares of DoorDash by 19.3% in the second quarter. Avestar Capital LLC now owns 8,118 shares of the company’s stock worth $2,001,000 after acquiring an additional 1,316 shares in the last quarter. Finally, SageView Advisory Group LLC grew its stake in shares of DoorDash by 3.6% in the second quarter. SageView Advisory Group LLC now owns 1,486 shares of the company’s stock worth $366,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.