DoorDash (NASDAQ:DASH) General Counsel Sells $515,604.60 in Stock

Key Points

• DoorDash General Counsel Tia Sherringham sold 2,265 shares for approximately $515,605 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 1.88% to 118,262 shares.
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, exceeding estimates, but quarterly EPS of $0.46 slightly missed consensus and declined from the prior year.
• Shares recently traded near $236.93, while the stock’s valuation remained high at roughly 124 times earnings; analysts nonetheless maintained a “Moderate Buy” consensus with an average price target of $254.53.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) General Counsel Tia Sherringham sold 2,265 shares of DoorDash stock in a transaction on Monday, August 24th. The shares were sold at an average price of $227.64, for a total transaction of $515,604.60. Following the sale, the general counsel directly owned 118,262 shares of the company's stock, valued at $26,921,161.68. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Up 1.5%

Shares of NASDAQ:DASH traded up $3.43 during midday trading on Wednesday, hitting $236.93. 5,006,178 shares of the stock were exchanged, compared to its average volume of 4,787,201. The company has a market capitalization of $102.66 billion, a PE ratio of 124.05 and a beta of 1.78. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The business's fifty day simple moving average is $195.24 and its two-hundred day simple moving average is $175.67.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results 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 firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter last year, the firm earned $0.65 EPS. The business's revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, research analysts predict that DoorDash, Inc. will post 2.46 earnings per share for the current fiscal year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company. The investment could give DoorDash access to technology that may eventually improve delivery speed, geographic reach and operating efficiency, although it is not expected to affect near-term earnings. Airbound raises $37 million from Greenoaks, DoorDash, others; aims to scale up drone delivery
• Positive Sentiment: The company launched a college-football rewards program, including promotional gift cards, free DashPass opportunities for some students and a chance to win a vehicle. The campaign, featuring Reggie Bush, Jameis Winston and Lane Kiffin, may increase customer engagement and order volumes during the football season. DoorDash Launches Season-Long Rewards Program for College Football Fans DoorDash Offers $250 Gift Cards and a Chance to Win a Car This Football Season
• Positive Sentiment: Analysts remain broadly constructive after DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, exceeding expectations. Several firms raised price targets, and the consensus rating remains “Moderate Buy,” with an average target of $254.53. DoorDash analyst and insider trading update
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day days-to-cover ratio. Because the figures appear anomalous, they provide little actionable information about bearish positioning.
• Negative Sentiment: COO Prabir Adarkar and director Stanley Tang disclosed stock sales totaling approximately $22.8 million. The trades were made under pre-arranged Rule 10b5-1 plans and primarily covered tax withholding, reducing their bearish significance, but Tang’s substantial reduction may still concern some investors. DoorDash insider transaction filings
• Negative Sentiment: DoorDash’s latest quarterly EPS slightly missed consensus and declined from the prior-year period. At roughly 120–124 times earnings, the stock also carries a demanding valuation, leaving it vulnerable if growth or profitability disappoints.
• Neutral Sentiment: A head-to-head comparison with Sands China offers no material new information about DoorDash’s fundamentals or outlook. DoorDash versus Sands China comparison

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of DoorDash in a research report on Friday, August 7th. Jefferies Financial Group raised their target price on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. DA Davidson dropped their price target on DoorDash from $224.00 to $200.00 and set a "neutral" rating on the stock in a research report on Thursday, May 7th. BTIG Research reiterated a "buy" rating and set a $225.00 price target on shares of DoorDash in a report on Thursday, August 6th. Finally, Argus set a $190.00 price objective on DoorDash in a research report on Thursday, June 11th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.53.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of DoorDash by 16,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company's stock worth $19,101,838,000 after purchasing an additional 102,904,566 shares in the last quarter. SC US Ttgp LTD. lifted its holdings in DoorDash by 1.6% during the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company's stock valued at $7,176,387,000 after purchasing an additional 506,358 shares during the last quarter. Morgan Stanley boosted its position in DoorDash by 2.3% in the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company's stock valued at $3,971,741,000 after buying an additional 391,596 shares in the last quarter. State Street Corp boosted its position in DoorDash by 3.0% in the fourth quarter. State Street Corp now owns 15,761,072 shares of the company's stock valued at $3,569,568,000 after buying an additional 464,448 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company's stock worth $3,161,234,000 after buying an additional 3,447,754 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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