Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 45,410 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the sale, the director owned 26,070 shares in the company, valued at $6,274,788.30. This represents a 63.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 2nd, Stanley Tang sold 45,231 shares of DoorDash stock. The stock was sold at an average price of $211.36, for a total value of $9,560,024.16.

DoorDash Stock Performance

DASH stock traded down $0.05 during trading on Friday, reaching $238.76. 1,699,692 shares of the company traded hands, compared to its average volume of 4,237,419. The company has a market capitalization of $101.17 billion, a price-to-earnings ratio of 310.08 and a beta of 1.70. The business has a 50 day simple moving average of $211.96 and a 200 day simple moving average of $193.51. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $248.74.

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, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. 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 business earned ($0.06) EPS. The company's revenue was up 20.7% compared to the same quarter last year. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Hedge Funds Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC increased its stake in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock valued at $323,000 after buying an additional 512 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of DoorDash by 66.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock valued at $208,000 after acquiring an additional 495 shares during the period. GAMMA Investing LLC raised its stake in DoorDash by 70.4% in the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after acquiring an additional 794 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in DoorDash by 14.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after acquiring an additional 206 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DASH shares. BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Wall Street Zen upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America raised their target price on shares of DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $219.32.

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.