DoorDash, Inc. (NASDAQ:DASH) Director Sells $6,525,600.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $217.52, for a total value of $6,525,600.00. Following the sale, the director now directly owns 22,545 shares of the company’s stock, valued at approximately $4,903,988.40. This represents a 57.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DoorDash Trading Down 1.2%

DASH stock opened at $214.97 on Wednesday. The firm has a 50 day moving average of $193.35 and a 200-day moving average of $187.04. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $220.88. The firm has a market capitalization of $91.09 billion, a P/E ratio of 796.19 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. DoorDash’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business earned ($0.06) earnings per share. Sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DASH. Citigroup reaffirmed an “outperform” rating on shares of DoorDash in a research report on Monday, April 28th. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of DoorDash in a research report on Monday, April 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of DoorDash in a research report on Wednesday, May 7th. FBN Securities began coverage on DoorDash in a research report on Friday, March 28th. They set an “outperform” rating and a $230.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on DoorDash from $201.00 to $198.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and twenty-five have issued 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 price target of $209.62.

Institutional Trading of DoorDash

A number of large investors have recently modified their holdings of DASH. Vanguard Group Inc. boosted its position in shares of DoorDash by 25.8% during the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after acquiring an additional 8,073,882 shares during the last quarter. Norges Bank bought a new stake in shares of DoorDash during the 4th quarter valued at about $597,443,000. Capital World Investors boosted its position in shares of DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after acquiring an additional 1,869,866 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of DoorDash by 442.5% during the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock valued at $321,799,000 after acquiring an additional 1,497,636 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

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.