DoorDash, Inc. (NASDAQ:DASH) Insider Keith Yandell Sells 5,410 Shares

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) insider Keith Yandell sold 5,410 shares of DoorDash stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $204.53, for a total value of $1,106,507.30. Following the completion of the transaction, the insider now owns 104,922 shares of the company's stock, valued at approximately $21,459,696.66. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

DoorDash Price Performance

DASH traded up $4.14 during trading on Monday, hitting $212.79. The company's stock had a trading volume of 4,506,099 shares, compared to its average volume of 4,199,569. The firm's 50 day moving average price is $189.04 and its 200-day moving average price is $185.05. The stock has a market cap of $90.17 billion, a PE ratio of 788.11 and a beta of 1.68. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DASH shares. Roth Capital set a $191.00 target price on DoorDash and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company cut their price target on DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Loop Capital raised their price target on DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Piper Sandler restated a "neutral" rating and issued a $210.00 price target (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, Citigroup restated an "outperform" rating on shares of DoorDash in a research note on Monday, April 28th. Eleven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and a consensus price target of $209.97.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Swedbank AB raised its holdings in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock valued at $28,694,000 after acquiring an additional 5,539 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of DoorDash during the 4th quarter worth $240,000. Forsta AP Fonden increased its holdings in shares of DoorDash by 22.8% during the 4th quarter. Forsta AP Fonden now owns 79,200 shares of the company's stock worth $13,286,000 after buying an additional 14,700 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in shares of DoorDash by 11.6% during the 4th quarter. Calamos Advisors LLC now owns 173,664 shares of the company's stock worth $29,132,000 after buying an additional 18,100 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.