Ashley Still Sells 62 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Ashley Still sold 62 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $238.14, for a total transaction of $14,764.68. Following the completion of the transaction, the director owned 2,667 shares in the company, valued at approximately $635,119.38. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 23rd, Ashley Still sold 2,495 shares of DoorDash stock. The shares were sold at an average price of $225.00, for a total transaction of $561,375.00.
• On Tuesday, June 3rd, Ashley Still sold 63 shares of DoorDash stock. The stock was sold at an average price of $213.43, for a total value of $13,446.09.
• On Friday, May 2nd, Ashley Still sold 62 shares of DoorDash stock. The stock was sold at an average price of $200.00, for a total value of $12,400.00.

DoorDash Price Performance

Shares of NASDAQ DASH traded down $0.05 during mid-day trading on Thursday, hitting $238.76. 1,699,692 shares of the stock traded hands, compared to its average volume of 4,227,023. The company has a market cap of $101.17 billion, a PE ratio of 310.08 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74. The firm has a 50 day simple moving average of $209.91 and a two-hundred day simple moving average of $192.67.

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

Wall Street Analyst Weigh In

DASH has been the subject of several recent research reports. Roth Capital set a $191.00 price target on DoorDash and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. UBS Group reduced their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. JMP Securities raised their price target on shares of DoorDash from $225.00 to $235.00 and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Finally, Needham & Company LLC lifted their price objective on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Ten research 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $219.32.

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after acquiring an additional 8,073,882 shares in the last quarter. Norges Bank acquired a new stake in DoorDash during the fourth quarter worth approximately $597,443,000. Capital World Investors increased its holdings in DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after buying an additional 1,869,866 shares during the period. Finally, AQR Capital Management LLC lifted its stake in DoorDash by 442.5% in the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock valued at $321,799,000 after buying an additional 1,497,636 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Company Profile

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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