DoorDash, Inc. (NASDAQ:DASH) Director Sells $9,221,625.45 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 66,195 shares of the firm's stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $139.31, for a total value of $9,221,625.45. Following the transaction, the director now directly owns 36,482 shares in the company, valued at $5,082,307.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, March 28th, Andy Fang sold 67,000 shares of DoorDash stock. The stock was sold at an average price of $139.09, for a total value of $9,319,030.00.
• On Friday, February 16th, Andy Fang sold 67,000 shares of DoorDash stock. The shares were sold at an average price of $110.57, for a total value of $7,408,190.00.

DoorDash Price Performance

Shares of DoorDash stock traded down $5.48 during trading on Monday, hitting $132.90. 2,775,701 shares of the company's stock traded hands, compared to its average volume of 3,628,355. DoorDash, Inc. has a 1 year low of $56.59 and a 1 year high of $143.34. The business has a 50-day simple moving average of $129.22 and a 200-day simple moving average of $105.70. The stock has a market capitalization of $53.69 billion, a P/E ratio of -92.94, a PEG ratio of 16.22 and a beta of 1.79.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.24). The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The business's revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.63) EPS. On average, equities analysts predict that DoorDash, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoorDash

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its position in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company's stock valued at $35,000 after acquiring an additional 359 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company's stock worth $39,000 after purchasing an additional 307 shares during the period. Covestor Ltd lifted its stake in shares of DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company's stock worth $40,000 after purchasing an additional 253 shares during the period. Valley National Advisers Inc. purchased a new position in shares of DoorDash in the fourth quarter worth approximately $43,000. Finally, SJS Investment Consulting Inc. grew its position in DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company's stock valued at $46,000 after buying an additional 98 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of DoorDash from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $135.00 to $145.00 in a report on Thursday, February 22nd. Wedbush upped their target price on DoorDash from $92.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, February 16th. Truist Financial raised their target price on shares of DoorDash from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, March 27th. Susquehanna boosted their price target on shares of DoorDash from $110.00 to $135.00 and gave the company a "positive" rating in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their price objective on shares of DoorDash from $109.00 to $122.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.25.

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.