Tia Sherringham Sells 12,950 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,950 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the completion of the sale, the general counsel now owns 145,917 shares in the company, valued at approximately $24,802,971.66. This trade represents a 8.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

DoorDash Stock Performance

NASDAQ:DASH opened at $177.24 on Friday. The company has a market capitalization of $73.62 billion, a P/E ratio of -393.87, a P/E/G ratio of 13.31 and a beta of 1.67. The stock’s 50 day moving average price is $153.61 and its 200 day moving average price is $128.96. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $178.16.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business posted ($0.19) EPS. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently bought and sold shares of DASH. Rakuten Securities Inc. increased its holdings in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. Headlands Technologies LLC bought a new stake in DoorDash during the second quarter worth approximately $32,000. Meeder Asset Management Inc. boosted its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the period. Versant Capital Management Inc grew its holdings in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent research reports. Barclays lifted their price objective on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Evercore ISI upped their price target on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Bank of America raised their price objective on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler boosted their target price on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Susquehanna upped their target price on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.03.

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.