DoorDash (NASDAQ:DASH) Director Andy Fang Sells 30,000 Shares

Key Points

• DoorDash Director Andy Fang sold 30,000 shares at an average price of $268.20, totaling $8.046 million, which was disclosed in a filing with the SEC.
• The company's stock performance shows a 0.4% increase on the trading day following Fang's sale, reaching $271.22 per share.
• DoorDash recently reported $3.28 billion in revenue for the last quarter, exceeding analyst expectations and marking a 24.9% increase compared to the previous year.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.20, for a total transaction of $8,046,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Andy Fang also recently made the following trade(s):

• On Tuesday, September 2nd, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $243.32, for a total transaction of $7,299,600.00.
• On Thursday, August 7th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00.
• On Friday, August 1st, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $247.04, for a total transaction of $7,411,200.00.

DoorDash Stock Up 0.4%

DASH stock traded up $1.13 during trading hours on Friday, hitting $271.22. The company's stock had a trading volume of 2,417,180 shares, compared to its average volume of 4,454,777. 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 company has a market capitalization of $115.87 billion, a PE ratio of 150.68 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $141.26 and a 12 month high of $278.15. The stock has a 50 day moving average price of $255.09 and a two-hundred day moving average price of $223.32.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 EPS 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 the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) earnings per share. On average, equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DASH. Roth Capital upped their price objective on shares of DoorDash from $191.00 to $225.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Sanford C. Bernstein upped their price objective on shares of DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Susquehanna upped their price objective on shares of DoorDash from $235.00 to $300.00 and gave the stock a "positive" rating in a report on Monday, August 11th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $325.00 price objective (up from $275.00) on shares of DoorDash in a report on Thursday, August 7th. Finally, Royal Bank Of Canada upped their price objective on shares of DoorDash from $230.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $275.27.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently made changes to their positions in the company. Night Squared LP acquired a new stake in shares of DoorDash during the 1st quarter worth about $2,780,000. Mutual of America Capital Management LLC acquired a new stake in shares of DoorDash during the 1st quarter worth about $7,200,000. Public Investment Fund increased its position in shares of DoorDash by 68.3% during the 1st quarter. Public Investment Fund now owns 821,389 shares of the company's stock worth $150,125,000 after purchasing an additional 333,369 shares in the last quarter. Ardmore Road Asset Management LP increased its position in shares of DoorDash by 6.7% during the 1st quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company's stock worth $14,622,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Junto Capital Management LP acquired a new stake in shares of DoorDash during the 1st quarter worth about $29,261,000. Institutional investors and hedge funds own 90.64% of the company's stock.

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.

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