Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Insider Sells 8,116 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 8,116 shares of the firm’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 $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, December 6th, Keith Yandell sold 4,474 shares of DoorDash stock. The stock was sold at an average price of $177.36, for a total value of $793,508.64.

DoorDash Stock Down 2.0 %

Shares of NASDAQ DASH traded down $4.07 during mid-day trading on Monday, reaching $195.87. 3,366,491 shares of the company were exchanged, compared to its average volume of 3,432,282. The stock has a market capitalization of $82.28 billion, a P/E ratio of 725.44 and a beta of 1.72. The company’s 50-day simple moving average is $182.56 and its 200-day simple moving average is $161.31. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24.

Institutional Investors Weigh In On DoorDash

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

Analyst Ratings Changes

DASH has been the subject of a number of research reports. KeyCorp increased their target price on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a research report on Thursday, February 6th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Needham & Company LLC increased their target price on DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price target on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Nine investment 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, the company presently has an average rating of “Moderate Buy” and an average price target 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.