DoorDash (NASDAQ:DASH) Director Andy Fang Sells 5,000 Shares of Company Stock

Key Points

• DoorDash director Andy Fang sold 5,000 shares at an average price of $183.69, totaling $918,450, under a pre-arranged Rule 10b5-1 trading plan. He also sold 15,000 shares in September for approximately $3.42 million.
• DoorDash shares recently traded at $191.77, with a market capitalization of approximately $83.1 billion. The stock has ranged from $143.30 to $285.50 over the past year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $257.61. The company’s latest revenue rose 35.6% year over year to $4.45 billion, although earnings per share slightly missed estimates.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 5,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $918,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Andy Fang sold 15,000 shares of DoorDash stock. The shares were sold at an average price of $228.31, for a total value of $3,424,650.00.

DoorDash Stock Performance

Shares of DASH traded up $2.62 during mid-day trading on Monday, reaching $191.77. The company's stock had a trading volume of 2,920,213 shares, compared to its average volume of 4,685,410. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The business has a 50-day simple moving average of $206.60 and a two-hundred day simple moving average of $181.70. The stock has a market cap of $83.09 billion, a P/E ratio of 100.40 and a beta of 1.90.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm's revenue was up 35.6% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Roth Capital upped their price target on shares of DoorDash from $200.00 to $220.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Benchmark reduced their price objective on DoorDash from $285.00 to $270.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Scotiabank initiated coverage on DoorDash in a research report on Wednesday, September 9th. They issued a "sector outperform" rating and a $275.00 target price on the stock. KeyCorp dropped their price target on DoorDash from $280.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Finally, UBS Group restated a "buy" rating and issued a $295.00 price target on shares of DoorDash in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $257.61.

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new stake in DoorDash during the fourth quarter worth about $26,000. Washington Trust Advisors Inc. raised its position in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after buying an additional 64 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of DoorDash by 269.4% in the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company's stock valued at $40,000 after buying an additional 194 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of DoorDash by 60.3% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 287 shares of the company's stock worth $65,000 after acquiring an additional 108 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of DoorDash during the 1st quarter worth approximately $55,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

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