Insider Selling: DoorDash (NASDAQ:DASH) Insider Sells $438,459.84 in Stock

Key Points

• DoorDash insider Keith Yandell sold 2,184 shares for approximately $438,460 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 1.78% while retaining 120,688 shares.
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion in its latest quarter, though earnings per share of $0.46 slightly missed analyst estimates.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $257.47, compared with the stock’s cited price of $193.83.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) insider Keith Yandell sold 2,184 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $200.76, for a total transaction of $438,459.84. Following the completion of the transaction, the insider owned 120,688 shares of the company's stock, valued at $24,229,322.88. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Price Performance

NASDAQ:DASH traded up $0.89 during mid-day trading on Monday, reaching $193.83. The stock had a trading volume of 4,820,945 shares, compared to its average volume of 4,679,675. The stock has a 50-day simple moving average of $205.78 and a two-hundred day simple moving average of $180.61. The stock has a market capitalization of $83.99 billion, a PE ratio of 101.48 and a beta of 1.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share 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 business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm's revenue for the quarter was up 35.6% on a year-over-year basis. On average, equities analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BTIG Research restated a "buy" rating and issued a $225.00 price target on shares of DoorDash in a research note on Thursday, August 6th. KeyCorp lowered their price objective on shares of DoorDash from $280.00 to $275.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Bank of America reissued a "buy" rating on shares of DoorDash in a research note on Thursday, August 6th. Citigroup restated a "market outperform" rating on shares of DoorDash in a research report on Monday, August 24th. Finally, Raymond James Financial reaffirmed a "buy" rating on shares of DoorDash in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.47.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the business. SC US Ttgp LTD. raised its stake in shares of DoorDash by 1.6% during the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company's stock valued at $7,176,387,000 after acquiring an additional 506,358 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DoorDash by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,867,615 shares of the company's stock worth $2,000,371,000 after purchasing an additional 252,471 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of DoorDash by 40.2% in the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock worth $1,159,377,000 after purchasing an additional 2,225,954 shares during the last quarter. Norges Bank bought a new stake in shares of DoorDash in the fourth quarter worth $1,093,650,000. Finally, Sands Capital Management LLC increased its holdings in DoorDash by 11.8% in the fourth quarter. Sands Capital Management LLC now owns 4,496,607 shares of the company's stock valued at $1,018,392,000 after purchasing an additional 473,316 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash was named the official on-demand delivery partner across North America, a potentially meaningful expansion of its role in delivery services and a positive signal for order volume and partner reach. DoorDash becomes official on-demand delivery partner
• Positive Sentiment: A new partnership with Costco is expected to broaden DoorDash’s delivery assortment and could support incremental grocery and retail orders. Costco expands delivery options through DoorDash partnership
• Positive Sentiment: DoorDash and Borderlands Produce Rescue reportedly delivered 25,000 orders in Arizona, highlighting community initiatives and the platform’s local delivery capacity, though the direct financial impact appears limited. Borderlands Produce Rescue and DoorDash deliver 25,000 orders
• Neutral Sentiment: DoorDash recognized two Oregon coffee shops among the best in the United States, providing brand visibility but likely having little effect on revenue or near-term earnings. DoorDash names Oregon coffee shops among the best in the U.S.
• Negative Sentiment: Multiple reports say an Austin DoorDash driver was shot and wounded by an ICE agent while making a delivery and was subsequently placed in custody. The incident could create reputational, driver-safety and potential legal risks for DoorDash, although the reports do not indicate that the company caused the shooting. Austin DoorDash driver shooting details

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.

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