Andy Fang Sells 30,000 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

Key Points

• DoorDash, Inc. Director Andy Fang sold 30,000 shares of stock on August 1st for a total of $7,411,200, reducing his ownership by 57.09%.
• The company's stock has seen a one-year high of $259.87 and a one-year low of $120.91, with an average trading price of $255.38 recently.
• Analysts have upgraded their price targets for DoorDash, with estimates ranging from $175.00 to $250.00, indicating a positive outlook for the company's stock performance.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on Friday, August 1st. The stock was sold at an average price of $247.04, for a total value of $7,411,200.00. Following the sale, the director directly owned 22,545 shares of the company's stock, valued at approximately $5,569,516.80. This trade represents a 57.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Andy Fang also recently made the following trade(s):

• On Tuesday, July 1st, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $240.66, for a total value of $7,219,800.00.
• On Thursday, June 5th, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00.

DoorDash Stock Performance

DASH traded up $10.76 during trading hours on Thursday, reaching $268.84. The company's stock had a trading volume of 6,159,869 shares, compared to its average volume of 4,757,116. The firm has a market cap of $113.92 billion, a PE ratio of 349.41 and a beta of 1.70. The company's 50-day moving average is $233.72 and its 200-day moving average is $205.22. DoorDash, Inc. has a 52 week low of $121.18 and a 52 week high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period last year, the firm posted ($0.38) earnings per share. Equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of DoorDash

Hedge funds have recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. lifted its position in DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company's stock valued at $415,000 after purchasing an additional 42 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company's stock valued at $912,000 after purchasing an additional 46 shares during the last quarter. GeoWealth Management LLC grew its position in DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after buying an additional 51 shares during the period. Yeomans Consulting Group Inc. boosted its holdings in DoorDash by 3.9% in the 2nd quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company's stock worth $326,000 after buying an additional 51 shares during the period. Finally, Palo Alto Wealth Advisors LLC lifted its holdings in shares of DoorDash by 0.4% in the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company's stock worth $2,385,000 after buying an additional 54 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

DASH has been the subject of a number of recent research reports. Sanford C. Bernstein lifted their price objective on shares of DoorDash from $210.00 to $265.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. DA Davidson increased their target price on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Piper Sandler boosted their price target on shares of DoorDash from $210.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday. Needham & Company LLC raised their price objective on DoorDash from $230.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on DoorDash from $239.00 to $280.00 and gave the company an "equal weight" rating in a report on Thursday. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus target price of $255.65.

DoorDash Company Profile

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.