DoorDash (NASDAQ:DASH) General Counsel Tia Sherringham Sells 2,743 Shares

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total transaction of $441,046.97. Following the completion of the sale, the general counsel owned 128,216 shares in the company, valued at $20,615,850.64. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $157.58 on Thursday. The firm’s 50 day moving average is $162.58 and its two-hundred day moving average is $187.84. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The firm has a market capitalization of $68.66 billion, a P/E ratio of 75.04 and a beta of 1.87. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business earned $0.44 earnings per share. DoorDash’s revenue was up 33.1% compared to the same quarter last year. Analysts anticipate that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Institutional Investors Weigh In On DoorDash

A number of institutional investors and hedge funds have recently bought and sold shares of DASH. Physician Wealth Advisors Inc. lifted its holdings in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Eastern Bank boosted its position in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. MV Capital Management Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at $26,000. Swiss RE Ltd. acquired a new position in shares of DoorDash in the 4th quarter valued at $28,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at $29,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Guggenheim dropped their price target on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Needham & Company LLC restated a “buy” rating and set a $265.00 price target on shares of DoorDash in a research report on Thursday, May 7th. Finally, Bank of America boosted their price target on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $259.58.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.