DoorDash, Inc. (NASDAQ:DASH) General Counsel Sells $2,459,303.60 in Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,088 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tia Sherringham also recently made the following trade(s):

• On Monday, December 2nd, Tia Sherringham sold 11,694 shares of DoorDash stock. The shares were sold at an average price of $176.91, for a total transaction of $2,068,785.54.

DoorDash Price Performance

DASH traded down $4.07 during midday trading on Monday, reaching $195.87. 3,366,324 shares of the company’s stock were exchanged, compared to its average volume of 3,432,195. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The business’s 50-day moving average price is $182.56 and its 200 day moving average price is $161.31. The stock has a market capitalization of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72.

Hedge Funds Weigh In On DoorDash

A number of institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC increased its position in DoorDash by 36.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,980 shares of the company’s stock worth $568,000 after purchasing an additional 1,058 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of DoorDash during the third quarter worth about $1,772,000. Ballentine Partners LLC raised its position in shares of DoorDash by 29.8% in the third quarter. Ballentine Partners LLC now owns 2,850 shares of the company’s stock valued at $407,000 after buying an additional 655 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of DoorDash by 14.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,676 shares of the company’s stock valued at $10,763,000 after buying an additional 9,359 shares during the last quarter. Finally, Forsta AP Fonden lifted its stake in shares of DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after buying an additional 10,100 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup raised their price objective on DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. BMO Capital Markets restated an “outperform” rating and set a $240.00 price target (up previously from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Morgan Stanley increased their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Needham & Company LLC lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

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.