Ashley Still Sells 2,495 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Ashley Still sold 2,495 shares of DoorDash stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $225.00, for a total transaction of $561,375.00. Following the sale, the director now owns 1,565 shares in the company, valued at approximately $352,125. The trade was a 61.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ashley Still also recently made the following trade(s):

• On Tuesday, June 3rd, Ashley Still sold 63 shares of DoorDash stock. The shares were sold at an average price of $213.43, for a total transaction of $13,446.09.
• On Friday, May 2nd, Ashley Still sold 62 shares of DoorDash stock. The shares were sold at an average price of $200.00, for a total transaction of $12,400.00.

DoorDash Price Performance

DASH stock traded down $3.49 during mid-day trading on Wednesday, reaching $232.68. 3,069,465 shares of the company's stock were exchanged, compared to its average volume of 4,226,481. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $238.28. The stock's 50 day moving average is $202.59 and its 200 day moving average is $190.12. The company has a market cap of $98.60 billion, a price-to-earnings ratio of 306.71 and a beta of 1.67.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DASH. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of DoorDash by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock valued at $15,665,000 after acquiring an additional 2,596 shares in the last quarter. Truist Financial Corp boosted its stake in shares of DoorDash by 35.1% in the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock worth $1,442,000 after acquiring an additional 2,233 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of DoorDash by 13.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,897 shares of the company's stock worth $318,000 after acquiring an additional 232 shares during the last quarter. Finally, Howard Capital Management Inc. increased its position in shares of DoorDash by 5.1% during the fourth quarter. Howard Capital Management Inc. now owns 1,841 shares of the company's stock worth $309,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DASH. Benchmark boosted their price objective on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. KeyCorp decreased their price objective on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Cantor Fitzgerald increased their price objective on shares of DoorDash from $210.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Wedbush reissued an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $214.76.

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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