DoorDash (NASDAQ:DASH) Director Sells $231,000.00 in Stock

Key Points

• Shona Brown, a director at DoorDash, sold 825 shares of the company's stock for $231,000 on October 6th, reducing her ownership by 2.10% to 38,502 shares valued at approximately $10.78 million.
• DoorDash's stock recently traded at $281.05, with a market capitalization of $120.06 billion, and has shown a one-year price fluctuation between $141.76 and $285.08.
• The company's latest earnings report revealed an EPS of $0.65, exceeding estimates, with revenue growth of 24.9% compared to the previous year, reaching $3.28 billion.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Shona Brown sold 825 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $280.00, for a total transaction of $231,000.00. Following the completion of the transaction, the director directly owned 38,502 shares of the company's stock, valued at $10,780,560. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

DoorDash Price Performance

Shares of DASH stock traded up $4.27 on Wednesday, reaching $281.05. The company had a trading volume of 2,390,322 shares, compared to its average volume of 4,432,877. The stock has a market capitalization of $120.06 billion, a PE ratio of 156.14 and a beta of 1.71. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a one year low of $141.76 and a one year high of $285.08. The business's 50-day moving average is $256.89 and its 200 day moving average is $225.36.

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 analysts' consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Trading of DoorDash

Several large investors have recently modified their holdings of DASH. Saudi Central Bank acquired a new stake in shares of DoorDash during the 1st quarter worth approximately $25,000. WPG Advisers LLC acquired a new stake in shares of DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash during the 1st quarter worth approximately $27,000. GFG Capital LLC acquired a new stake in shares of DoorDash during the 2nd quarter worth approximately $30,000. Finally, Harbour Investments Inc. grew its position in DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Needham & Company LLC set a $300.00 price objective on shares of DoorDash and gave the company a "buy" rating in a report on Thursday, August 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $330.00 price objective on shares of DoorDash in a report on Wednesday, September 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of DoorDash in a report on Wednesday. BTIG Research raised their price objective on shares of DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Finally, Loop Capital reiterated a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $275.27.

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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