DoorDash (NASDAQ:DASH) Director Sells $346,837.50 in Stock

Key Points

• Shona Brown, a director at DoorDash, sold 1,250 shares for a total of $346,837.50, reducing her position by 3.25% to 37,252 shares valued at over $10 million.
• DoorDash's stock is currently priced at $270.54, down 1.1%, with a market capitalization of $115.57 billion and a P/E ratio of 150.30.
• Analysts have recently raised their price targets for DoorDash, with estimates reaching as high as $300.00, reflecting a consensus rating of "Moderate Buy" from 36 analysts.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Shona Brown sold 1,250 shares of DoorDash stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $277.47, for a total transaction of $346,837.50. Following the transaction, the director owned 37,252 shares in the company, valued at $10,336,312.44. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

DoorDash Stock Down 1.1%

DASH stock traded down $2.98 during trading on Tuesday, reaching $270.54. The stock had a trading volume of 1,957,571 shares, compared to its average volume of 4,384,215. DoorDash, Inc. has a 1-year low of $143.37 and a 1-year high of $285.08. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $115.57 billion, a P/E ratio of 150.30 and a beta of 1.71. The firm has a fifty day moving average price of $258.72 and a 200 day moving average price of $227.83.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted ($0.38) EPS. The company's revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. lifted its position in DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company's stock worth $415,000 after buying an additional 42 shares in the last quarter. Perigon Wealth Management LLC lifted its position in DoorDash by 1.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company's stock worth $912,000 after buying an additional 46 shares in the last quarter. Advisory Resource Group lifted its position in DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company's stock worth $1,423,000 after buying an additional 48 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company's stock worth $418,000 after buying an additional 48 shares in the last quarter. Finally, Hobart Private Capital LLC increased its stake in shares of DoorDash by 2.4% during the 3rd quarter. Hobart Private Capital LLC now owns 2,164 shares of the company's stock worth $589,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DASH. Royal Bank Of Canada upped their target price on shares of DoorDash from $230.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price objective on shares of DoorDash from $238.00 to $288.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Jefferies Financial Group raised their price objective on shares of DoorDash from $250.00 to $265.00 and gave the company a "hold" rating in a research note on Monday, August 11th. UBS Group boosted their target price on shares of DoorDash from $260.00 to $280.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Morgan Stanley raised their target price on shares of DoorDash from $275.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $279.82.

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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