DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 30,835 Shares of Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Stanley Tang sold 30,835 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $225.98, for a total transaction of $6,968,093.30. Following the sale, the director owned 10,361 shares in the company, valued at $2,341,378.78. The trade was a 74.85% decrease in their ownership of the stock. The transaction 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.

Stanley Tang also recently made the following trade(s):

  • On Monday, August 24th, Stanley Tang sold 10,134 shares of DoorDash stock. The shares were sold at an average price of $225.00, for a total transaction of $2,280,150.00.
  • On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The stock was sold at an average price of $225.16, for a total transaction of $16,294,153.72.
  • On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total transaction of $2,249,775.00.
  • On Thursday, August 20th, Stanley Tang sold 2,160 shares of DoorDash stock. The shares were sold at an average price of $220.62, for a total transaction of $476,539.20.
  • On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The shares were sold at an average price of $200.63, for a total transaction of $13,581,246.59.
  • On Thursday, July 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The shares were sold at an average price of $191.19, for a total transaction of $4,421,268.75.

DoorDash Price Performance

DoorDash stock opened at $211.73 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $203.81 and a 200-day simple moving average of $178.55. The stock has a market cap of $91.74 billion, a P/E ratio of 110.85 and a beta of 1.79. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASHGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Equities analysts expect that DoorDash, Inc. will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Several large investors have recently modified their holdings of DASH. Brighton Jones LLC raised its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC grew its position in DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares during the last quarter. Sivia Capital Partners LLC increased its stake in DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after purchasing an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in DoorDash in the second quarter valued at $222,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

  • Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
  • Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
  • Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
  • Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
  • Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
  • Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.

Analyst Ratings Changes

DASH has been the subject of several research analyst reports. Piper Sandler restated a “neutral” rating and issued a $220.00 target price (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Argus set a $190.00 price target on shares of DoorDash in a research note on Thursday, June 11th. Cantor Fitzgerald lifted their price target on shares of DoorDash from $230.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. TD Cowen boosted their price target on shares of DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of DoorDash in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.97.

View Our Latest Report on DoorDash

DoorDash Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

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