DoorDash (NASDAQ:DASH) Director Sells $12,180,324.30 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.23, for a total value of $12,180,324.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 transaction of $11,048,707.10.
• On Friday, August 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $247.11, for a total transaction of $11,221,265.10.

DoorDash Stock Up 0.4%

Shares of NASDAQ DASH opened at $271.22 on Friday. The firm has a market cap of $115.87 billion, a price-to-earnings ratio of 150.68 and a beta of 1.71. The company’s 50-day simple moving average is $255.52 and its 200-day simple moving average is $224.15. 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 $141.26 and a 52-week high of $278.15.

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

Institutional Trading of DoorDash

Several hedge funds have recently made changes to their positions in the business. Gilbert & Cook Inc. grew its holdings in shares of DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of DoorDash by 1.3% in the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after acquiring an additional 46 shares in the last quarter. Advisory Resource Group increased its position in shares of DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after acquiring an additional 48 shares during the period. Hobart Private Capital LLC raised its stake in shares of DoorDash by 2.4% in the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock valued at $589,000 after acquiring an additional 50 shares in the last quarter. Finally, Yeomans Consulting Group Inc. boosted its holdings in DoorDash by 3.9% in the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock valued at $326,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of a number of research analyst reports. JMP Securities lifted their price target on DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. Morgan Stanley raised their price objective on DoorDash from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Mizuho set a $350.00 target price on shares of DoorDash and gave the stock an “outperform” rating in a research note on Monday, September 29th. Zacks Research upgraded shares of DoorDash to a “hold” rating in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group raised their price target on shares of DoorDash from $250.00 to $265.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $275.27.

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.