DoorDash (NASDAQ:DASH) Director Sells $3,424,650.00 in Stock

Key Points

• DoorDash director Andy Fang sold 15,000 shares at an average price of $228.31, generating $3.42 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above analyst expectations, but EPS of $0.46 fell slightly short of the $0.47 consensus estimate.
• DASH shares opened at $211.73, while analysts maintained a “Moderate Buy” consensus with an average price target of $254.97; however, Barclays downgraded the stock to “Strong Sell.”

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 15,000 shares of DoorDash stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total transaction of $3,424,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Wednesday, June 24th, Andy Fang sold 5,000 shares of DoorDash stock. The stock was sold at an average price of $180.00, for a total value of $900,000.00.

DoorDash Price Performance

DASH stock opened at $211.73 on Tuesday. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The stock's fifty day simple moving average is $204.35 and its 200-day simple moving average is $179.02. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $91.74 billion, a price-to-earnings ratio of 110.85 and a beta of 1.79.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same period in the prior year, the firm earned $0.65 EPS. DoorDash's revenue for the quarter was up 35.6% on a year-over-year basis. Equities research analysts expect that DoorDash, Inc. will post 2.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DASH shares. Barclays downgraded shares of DoorDash from an "equal weight" rating to a "strong sell" rating in a research note on Monday, August 24th. Raymond James Financial reissued a "buy" rating on shares of DoorDash in a research report on Thursday. Guggenheim reaffirmed a "buy" rating and set a $255.00 price target on shares of DoorDash in a research report on Tuesday, June 23rd. BTIG Research reaffirmed a "buy" rating and set a $225.00 price target on shares of DoorDash in a research note on Thursday, August 6th. Finally, Jefferies Financial Group lifted their price target on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock worth $314,000 after acquiring an additional 303 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock worth $1,486,000 after acquiring an additional 285 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock valued at $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in DoorDash in the second quarter valued at about $222,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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