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

Key Points

• Director Ashley Still sold 62 shares of DoorDash stock for a total of $16,671.80, reducing her position by 2.44% to 2,479 shares.
• DoorDash recently reported earnings of $0.65 per share, exceeding estimates, and achieved a 24.9% increase in quarterly revenue year-over-year.
• The stock is currently valued at $281.74, with analysts holding a consensus rating of "Moderate Buy" and an average price target of $275.27.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Ashley Still sold 62 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $268.90, for a total transaction of $16,671.80. Following the completion of the transaction, the director owned 2,479 shares of the company's stock, valued at $666,603.10. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, September 3rd, Ashley Still sold 63 shares of DoorDash stock. The stock was sold at an average price of $243.99, for a total value of $15,371.37.

DoorDash Trading Up 3.9%

NASDAQ DASH traded up $10.52 during trading on Monday, reaching $281.74. 3,895,804 shares of the stock traded hands, compared to its average volume of 4,450,901. DoorDash, Inc. has a fifty-two week low of $141.26 and a fifty-two week high of $282.92. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The firm has a market cap of $120.36 billion, a price-to-earnings ratio of 156.52 and a beta of 1.71. The stock's 50-day moving average price is $255.52 and its 200 day moving average price is $224.37.

DoorDash (NASDAQ:DASH - Get Free Report) last issued 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. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned ($0.38) EPS. Analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

DASH has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price objective on DoorDash from $214.00 to $239.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. Loop Capital reissued a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. JMP Securities increased their target price on shares of DoorDash from $250.00 to $335.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 7th. Sanford C. Bernstein raised their price target on DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Wedbush restated a "neutral" rating on shares of DoorDash in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $275.27.

Institutional Trading of DoorDash

Several large investors have recently bought and sold shares of DASH. Saudi Central Bank purchased a new position in shares of DoorDash in the 1st quarter valued at approximately $25,000. WPG Advisers LLC bought a new position in DoorDash in the 1st quarter worth about $26,000. Pacific Center for Financial Services purchased a new stake in DoorDash during the 1st quarter valued at about $27,000. GFG Capital LLC purchased a new stake in DoorDash during the 2nd quarter valued at about $30,000. Finally, Harbour Investments Inc. increased its stake in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after purchasing an additional 70 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

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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