Keith Yandell Sells 5,509 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the transaction, the insider now directly owns 118,712 shares in the company, valued at approximately $20,921,802.88. The trade was a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction 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 transaction of $1,356,440.40.

DoorDash Stock Performance

Shares of DoorDash stock opened at $178.44 on Thursday. The stock has a market cap of $74.12 billion, a P/E ratio of -395.69, a P/E/G ratio of 13.77 and a beta of 1.67. The stock’s fifty day moving average is $155.55 and its 200 day moving average is $129.97. DoorDash, Inc. has a one year low of $92.58 and a one year high of $181.30.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) EPS. Analysts predict that DoorDash, Inc. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On DoorDash

Several large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares in the last quarter. Tri Ri Asset Management Corp purchased a new stake in DoorDash in the 3rd quarter worth $6,250,000. Tidal Investments LLC increased its stake in DoorDash by 19.9% in the 3rd quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock worth $1,759,000 after buying an additional 2,049 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in DoorDash during the third quarter valued at about $1,109,000. Finally, Sanctuary Advisors LLC lifted its position in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 3,498 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DASH. Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of DoorDash in a report on Friday, August 2nd. Royal Bank of Canada upped their price target on DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Raymond James began coverage on DoorDash in a research report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective for the company. Barclays upped their target price on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Roth Mkm increased their price target on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

About DoorDash

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.