DoorDash, Inc. (NASDAQ:DASH) Director Sells $284,423.10 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 1,398 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00.
• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $170.01, for a total value of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $178.66, for a total value of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00.

DoorDash Trading Up 3.8 %

NASDAQ:DASH opened at $198.60 on Thursday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The stock has a 50-day moving average price of $183.84 and a 200 day moving average price of $162.54. The stock has a market capitalization of $83.43 billion, a P/E ratio of 735.56 and a beta of 1.72.

Institutional Trading of DoorDash

Several institutional investors have recently made changes to their positions in DASH. Norges Bank purchased a new stake in shares of DoorDash during the fourth quarter worth about $597,443,000. Capital World Investors grew its position in shares of DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Baillie Gifford & Co. boosted its stake in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after buying an additional 949,414 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Mizuho upped their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 price target (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price target (up from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Cantor Fitzgerald upped their price target on DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Benchmark upped their price target on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average 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.