Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 30,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 30,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the completion of the transaction, the director now owns 22,545 shares of the company's stock, valued at approximately $4,903,988.40. This trade represents a 57.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

DoorDash Trading Down 1.2%

NASDAQ:DASH traded down $2.52 on Tuesday, hitting $214.97. The company had a trading volume of 3,916,085 shares, compared to its average volume of 4,201,750. The stock has a market capitalization of $91.09 billion, a price-to-earnings ratio of 796.19 and a beta of 1.67. The firm has a 50 day moving average of $192.53 and a two-hundred day moving average of $186.84. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $220.88.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) EPS. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DASH. Roth Capital set a $191.00 target price on DoorDash and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. KeyCorp decreased their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Roth Mkm lifted their target price on shares of DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and an average target price of $209.62.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock valued at $7,200,642,000 after buying an additional 8,073,882 shares during the last quarter. Capital World Investors increased its stake in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of DoorDash by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company's stock valued at $897,031,000 after buying an additional 641,601 shares during the period. Invesco Ltd. raised its holdings in shares of DoorDash by 41.9% in the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock valued at $877,269,000 after purchasing an additional 1,416,194 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after acquiring an additional 949,414 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.