DoorDash (NASDAQ:DASH) Director Andy Fang Sells 5,000 Shares of Company Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $918,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andy Fang also recently made the following trade(s):

• On Tuesday, September 1st, Andy Fang sold 15,000 shares of DoorDash stock. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00.

DoorDash Price Performance

Shares of DASH stock traded up $2.62 on Monday, hitting $191.77. 2,920,213 shares of the company’s stock were exchanged, compared to its average volume of 4,685,410. The company has a 50 day moving average of $206.60 and a 200 day moving average of $181.70. The stock has a market cap of $83.09 billion, a P/E ratio of 100.40 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm posted $0.65 EPS. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities research analysts predict that DoorDash, Inc. will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DASH. SC US Ttgp LTD. boosted its stake in shares of DoorDash by 1.6% in the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after purchasing an additional 506,358 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in DoorDash by 8.4% in the fourth quarter. Janus Henderson Group PLC now owns 5,536,599 shares of the company’s stock valued at $1,247,961,000 after buying an additional 427,031 shares during the period. Sands Capital Management LLC lifted its holdings in DoorDash by 11.8% in the fourth quarter. Sands Capital Management LLC now owns 4,496,607 shares of the company’s stock valued at $1,018,392,000 after buying an additional 473,316 shares during the period. Temasek Holdings Private Ltd boosted its position in DoorDash by 49.4% during the first quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after acquiring an additional 1,145,078 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in DoorDash by 18.4% during the first quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock valued at $517,907,000 after acquiring an additional 536,080 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DASH. Wedbush upped their target price on DoorDash from $205.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. UBS Group restated a “buy” rating and set a $295.00 price target on shares of DoorDash in a report on Tuesday, September 8th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Benchmark dropped their price objective on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, Bank of America reiterated a “buy” rating on shares of DoorDash in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $257.61.

About DoorDash

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.