DoorDash (NASDAQ:DASH) General Counsel Tia Sherringham Sells 2,265 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,265 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $227.64, for a total value of $515,604.60. Following the sale, the general counsel directly owned 118,262 shares of the company’s stock, valued at approximately $26,921,161.68. The trade was a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Performance

Shares of DASH stock opened at $236.93 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company’s 50 day moving average price is $196.67 and its two-hundred day moving average price is $176.04. The company has a market capitalization of $102.66 billion, a P/E ratio of 124.05 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, analysts expect that DoorDash, Inc. will post 2.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DASH shares. Benchmark lowered their target price on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Roth Capital boosted their price target on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Susquehanna upped their price objective on DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Jefferies Financial Group increased their price objective on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Barclays lowered DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday. Twenty-three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new position in DoorDash during the fourth quarter worth $26,000. Washington Trust Advisors Inc. lifted its stake in DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after acquiring an additional 64 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of DoorDash in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. bought a new position in shares of DoorDash in the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of DoorDash in the 4th quarter valued at about $32,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash added Kohl’s, Barnes & Noble and Carter’s to its retail delivery offerings, expanding access to roughly 500,000 additional products ahead of the back-to-school season. The move supports DoorDash’s strategy of becoming a broader on-demand commerce platform and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football promotions, including rewards, gift-card incentives, DashPass benefits and contests featuring prizes such as a Dodge Charger. The campaign could improve brand engagement and stimulate food-delivery demand during the football season, though its revenue impact was not quantified. DoorDash college football rewards program
• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company scaling manufacturing. The investment offers a longer-term opportunity to improve delivery speed and efficiency, although it is not expected to materially affect near-term earnings. Airbound raises funding from DoorDash and others
• Neutral Sentiment: DoorDash reported that pecan orders rose 28% as restaurants introduce fall menus earlier. The data highlights seasonal consumer demand and provides marketing value, but does not represent company financial guidance. DoorDash fall flavor data
• Negative Sentiment: Several insiders disclosed sales, including CEO Tony Xu’s sale of 33,334 shares for approximately $7.67 million and director Stanley Tang’s sale of 10,134 shares for about $2.28 million. The general counsel and chief accounting officer also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the size of the CEO’s position reduction may concern investors. DoorDash insider selling

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.