DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 30,000 Shares

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the sale, the director directly owned 22,545 shares in the company, valued at approximately $5,425,679.70. The trade was a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, June 5th, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00.

DoorDash Price Performance

Shares of DASH traded down $0.05 during midday trading on Friday, reaching $238.76. The stock had a trading volume of 1,699,692 shares, compared to its average volume of 4,237,419. The company has a market cap of $101.17 billion, a price-to-earnings ratio of 310.08 and a beta of 1.70. The company's fifty day simple moving average is $210.94 and its two-hundred day simple moving average is $193.08. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. On average, sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently made changes to their positions in DASH. GeoWealth Management LLC boosted its holdings in DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc lifted its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after buying an additional 54 shares during the last quarter. Palo Alto Wealth Advisors LLC boosted its holdings in shares of DoorDash by 0.4% in the 1st quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company's stock valued at $2,385,000 after buying an additional 54 shares in the last quarter. SageView Advisory Group LLC grew its position in shares of DoorDash by 5.1% in the 1st quarter. SageView Advisory Group LLC now owns 1,435 shares of the company's stock valued at $262,000 after buying an additional 69 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. FBN Securities assumed coverage on shares of DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price target on the stock. UBS Group dropped their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. KeyCorp cut their price objective on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. BTIG Research lifted their price target on DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $260.00 target price (up from $210.00) on shares of DoorDash in a research report on Wednesday, June 25th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $219.32.

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.