DoorDash (NASDAQ:DASH) Stock: Insider Keith Yandell Sells 2,183 Shares

Key Points

• DoorDash COO Keith Yandell sold 2,183 shares at an average price of $183.69, generating approximately $401,000; the transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his holdings by 1.81%.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above estimates, but earnings per share of $0.46 narrowly missed consensus expectations.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and average price target of $257.61, compared with the stock’s reported trading price of $191.77.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Keith Yandell sold 2,183 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $183.69, for a total transaction of $400,995.27. Following the sale, the chief operating officer directly owned 118,505 shares in the company, valued at $21,768,183.45. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Keith Yandell also recently made the following trade(s):

• On Thursday, September 17th, Keith Yandell sold 2,184 shares of DoorDash stock. The stock was sold at an average price of $200.76, for a total transaction of $438,459.84.

DoorDash Stock Performance

NASDAQ DASH traded up $2.62 during trading hours 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. The business has a 50-day simple moving average of $206.60 and a 200 day simple moving average of $181.70. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The stock has a market cap of $83.09 billion, a PE ratio of 100.40 and a beta of 1.90.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on DASH. Cantor Fitzgerald increased their price objective on shares of DoorDash from $230.00 to $260.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Roth Capital upped their target price on shares of DoorDash from $200.00 to $220.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Raymond James Financial restated a "buy" rating on shares of DoorDash in a research note on Thursday, September 3rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of DoorDash in a report on Thursday, September 3rd. Finally, Piper Sandler reissued a "neutral" rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $257.61.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. MV Capital Management Inc. acquired a new stake in shares of DoorDash in the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. increased its stake in shares of DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after acquiring an additional 64 shares during the period. CENTRAL TRUST Co raised its holdings in DoorDash by 269.4% during the first quarter. CENTRAL TRUST Co now owns 266 shares of the company's stock worth $40,000 after purchasing an additional 194 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in DoorDash in the first quarter worth approximately $55,000. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in 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 valued at $65,000 after purchasing an additional 108 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

About DoorDash

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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