DoorDash, Inc. (NASDAQ:DASH) Insider Sells $793,508.64 in Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 4,474 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64. Following the completion of the sale, the insider now owns 114,238 shares in the company, valued at $20,261,251.68. This represents a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Keith Yandell also recently made the following trade(s):

• On Friday, November 22nd, Keith Yandell sold 5,509 shares of DoorDash stock. The stock was sold at an average price of $176.24, for a total transaction of $970,906.16.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40.

DoorDash Price Performance

NASDAQ:DASH traded down $1.74 during trading hours on Tuesday, hitting $173.90. The company had a trading volume of 3,473,876 shares, compared to its average volume of 3,739,701. The stock has a 50-day moving average price of $162.24 and a 200 day moving average price of $133.96. The company has a market capitalization of $72.24 billion, a PE ratio of -390.31, a price-to-earnings-growth ratio of 14.09 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $93.33 and a 52 week high of $181.30.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company earned ($0.19) earnings per share. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. Analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. grew its stake in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of DoorDash in the 2nd quarter worth about $32,000. Quest Partners LLC increased its stake in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in DoorDash by 141.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock valued at $38,000 after acquiring an additional 206 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Evercore ISI boosted their price target on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research report on Wednesday, September 25th. Bank of America upped their target price on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Truist Financial raised their price target on DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Ten investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.27.

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.