Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells 825 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Shona L. Brown sold 825 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $230.00, for a total value of $189,750.00. Following the transaction, the director now directly owns 46,461 shares of the company's stock, valued at $10,686,030. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

DoorDash Stock Performance

Shares of DASH stock traded down $3.49 during mid-day trading on Wednesday, hitting $232.68. The company's stock had a trading volume of 3,069,465 shares, compared to its average volume of 4,226,481. The company has a market cap of $98.60 billion, a PE ratio of 306.71 and a beta of 1.67. The company's fifty day simple moving average is $202.59 and its 200-day simple moving average is $190.12. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $238.28.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on DASH. KeyCorp decreased their target price on DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. UBS Group decreased their price target on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. DA Davidson increased their price objective on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Oppenheimer restated a "hold" rating on shares of DoorDash in a research report on Monday, March 10th. Finally, Cantor Fitzgerald upped their price target on shares of DoorDash from $210.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $214.76.

Institutional Trading of DoorDash

Several large investors have recently modified their holdings of DASH. Brighton Jones LLC boosted its stake in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Principal Financial Group Inc. increased its stake in DoorDash by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock valued at $15,665,000 after purchasing an additional 2,596 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock valued at $323,000 after purchasing an additional 512 shares during the period. Truist Financial Corp raised its holdings in shares of DoorDash by 35.1% during the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock valued at $1,442,000 after purchasing an additional 2,233 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of DoorDash by 66.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock worth $208,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

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.

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