DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown Sells 825 Shares

Key Points

• DoorDash Director Shona L. Brown sold 825 shares of the company's stock for a total of $206,250, a decrease of 1.86% in her ownership.
• The company's stock price decreased by 1.3%, reaching $243.20 during trading, with a market cap of $103.05 billion.
• Analysts are optimistic about DoorDash, with the average price target set at $235.56 and a majority rating it as a "Moderate Buy."

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Shona L. Brown sold 825 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $250.00, for a total transaction of $206,250.00. Following the transaction, the director directly owned 43,477 shares of the company's stock, valued at $10,869,250. The trade was a 1.86% 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 this link.

DoorDash Stock Down 1.3%

DASH traded down $3.24 during trading on Tuesday, reaching $243.20. The company had a trading volume of 2,308,125 shares, compared to its average volume of 4,805,387. The business has a 50 day simple moving average of $227.18 and a 200-day simple moving average of $201.75. The stock has a market cap of $103.05 billion, a P/E ratio of 315.85 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $105.34 and a 52 week high of $250.71.

DoorDash (NASDAQ:DASH - Get Free Report) last released 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 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 analyst estimates of $3.10 billion. During the same quarter last year, the business earned ($0.06) EPS. The business's revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on DASH. Oppenheimer lifted their target price on shares of DoorDash from $220.00 to $280.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. Bank of America raised their target price on DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Citigroup reiterated an "outperform" rating on shares of DoorDash in a research note on Thursday, June 12th. Sanford C. Bernstein lifted their target price on DoorDash from $210.00 to $265.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Eleven research 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's stock. According to data from MarketBeat.com, DoorDash currently has an average rating of "Moderate Buy" and a consensus target price of $235.56.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Saudi Central Bank purchased a new stake in shares of DoorDash in the first quarter worth approximately $25,000. WPG Advisers LLC purchased a new position in DoorDash during the 1st quarter valued at $26,000. Pacific Center for Financial Services bought a new position in DoorDash in the 1st quarter valued at $27,000. GFG Capital LLC purchased a new stake in DoorDash in the second quarter worth $30,000. Finally, Harbour Investments Inc. lifted its position in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

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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