DoorDash, Inc. (NASDAQ:DASH) Director Sells $9,560,024.16 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Stanley Tang sold 45,231 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $211.36, for a total value of $9,560,024.16. Following the sale, the director now owns 26,070 shares of the company's stock, valued at approximately $5,510,155.20. This represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Stanley Tang also recently made the following trade(s):

• On Tuesday, April 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10.

DoorDash Stock Performance

Shares of DASH stock traded up $3.42 on Friday, reaching $219.26. The stock had a trading volume of 1,548,401 shares, compared to its average volume of 4,201,960. The stock has a market cap of $92.91 billion, a P/E ratio of 811.90 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $220.69. The company has a 50 day simple moving average of $191.24 and a 200 day simple moving average of $186.08.

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, topping the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the firm posted ($0.06) earnings per share. The business'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 Analysts Forecast Growth

Several analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. DA Davidson upped their price target on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. KeyCorp reduced 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. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Eleven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.97.

Institutional Trading of DoorDash

Large investors have recently added to or reduced their stakes in the business. Saudi Central Bank bought a new stake in DoorDash during the first quarter valued at about $25,000. WPG Advisers LLC bought a new stake in DoorDash during the 1st quarter valued at approximately $26,000. Pacific Center for Financial Services purchased a new position in DoorDash in the 1st quarter worth approximately $27,000. Pittenger & Anderson Inc. bought a new position in DoorDash in the 4th quarter worth approximately $29,000. Finally, Denver PWM LLC purchased a new stake in DoorDash during the 4th quarter valued at approximately $30,000. 90.64% of the stock is currently owned by institutional investors.

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.