DoorDash, Inc. (NASDAQ:DASH) Director Sells $306,237.50 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $244.99, for a total value of $306,237.50. Following the completion of the transaction, the director directly owned 44,302 shares of the company's stock, valued at $10,853,546.98. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

DoorDash Stock Up 0.9%

Shares of DASH traded up $2.20 on Friday, hitting $240.44. The company's stock had a trading volume of 2,831,084 shares, compared to its average volume of 4,228,933. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74. The firm's fifty day moving average price is $216.05 and its 200-day moving average price is $195.57. The firm has a market capitalization of $101.88 billion, a price-to-earnings ratio of 312.26 and a beta of 1.70.

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

Hedge Funds Weigh In On DoorDash

A number of large investors have recently bought and sold shares of DASH. GeoWealth Management LLC increased its position in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares during the period. Palo Alto Wealth Advisors LLC grew its position in DoorDash by 0.4% in the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company's stock valued at $2,385,000 after acquiring an additional 54 shares during the last quarter. SageView Advisory Group LLC grew its position in DoorDash by 5.1% in the first quarter. SageView Advisory Group LLC now owns 1,435 shares of the company's stock valued at $262,000 after acquiring an additional 69 shares during the last quarter. Harbour Investments Inc. grew its position in DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DASH. Needham & Company LLC lifted their price target on DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley cut their price target on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. KeyCorp cut their price target on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Raymond James Financial raised DoorDash from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $215.00 to $260.00 in a report on Monday, June 23rd. Finally, Wedbush reissued an "outperform" rating on shares of DoorDash in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus target price of $220.53.

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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