Insider Selling: DoorDash (NASDAQ:DASH) COO Sells $400,995.27 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Keith Yandell sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $400,995.27. Following the sale, the chief operating officer directly owned 118,505 shares of the company’s stock, valued at approximately $21,768,183.45. This represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 17th, Keith Yandell sold 2,184 shares of DoorDash stock. The stock was sold at an average price of $200.76, for a total transaction of $438,459.84.

DoorDash Stock Performance

Shares of DASH stock opened at $191.24 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $206.67 and a two-hundred day moving average of $182.28. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a market cap of $82.86 billion, a P/E ratio of 100.13 and a beta of 1.90.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DASH. JCP Investment Management LLC bought a new stake in shares of DoorDash during the 1st quarter worth about $991,000. Plato Investment Management Ltd bought a new position in shares of DoorDash in the second quarter valued at approximately $1,024,000. Quantinno Capital Management LP boosted its holdings in shares of DoorDash by 4.9% in the first quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock valued at $98,363,000 after acquiring an additional 30,881 shares in the last quarter. Dockside LLC acquired a new position in shares of DoorDash during the fourth quarter valued at approximately $2,315,000. Finally, Monetta Financial Services Inc. bought a new stake in DoorDash during the second quarter worth approximately $1,015,000. Institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. Roth Capital increased their target price on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Truist Financial boosted their price target on shares of DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Guggenheim restated a “buy” rating and set a $255.00 price target on shares of DoorDash in a research report on Tuesday, June 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of DoorDash in a report on Thursday, September 3rd. Finally, Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.61.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: AI and drone delivery initiatives: CEO Tony Xu said AI agents could increase demand for human labor, while DoorDash unveiled its own delivery drone with Chipotle and Popeyes as launch partners. These developments support the company’s technology strategy and could eventually improve delivery capacity and margins. DoorDash’s Tony Xu says AI agents will increase demand for human labour DoorDash Unveils Its Own Delivery Drone
• Positive Sentiment: Marketplace expansion: Costco delivery launched on DoorDash across Canada, broadening DASH’s grocery and retail offering and potentially increasing order volume and customer engagement. Costco Delivery Launches on DoorDash Across Canada
• Neutral Sentiment: Brand and product strategy coverage: Reports about DoorDash’s viral advertising agency being sold and the company encouraging customers to use alternatives to its food-ordering app may reflect broader marketing and commerce initiatives, but no immediate earnings impact was provided. Brands are fleeing TV for social
• Negative Sentiment: Service outages: Downdetector reports indicated that thousands of users experienced DoorDash login, ordering or app-access problems. Persistent reliability issues could reduce orders, frustrate customers and raise support costs. DoorDash Down for Thousands of Users
• Negative Sentiment: Insider selling: Director Stanley Tang sold 23,125 shares worth about $4.3 million, while COO Keith Yandell sold 2,183 shares and director Andy Fang sold 5,000 shares. The trades were made under preset Rule 10b5-1 plans, limiting their bearish significance, but the clustered sales may weigh on sentiment.
• Negative Sentiment: Customer-fraud incident: A reported scam involved someone impersonating DoorDash support and attempting to charge a customer’s payment card. Although the incident does not establish wrongdoing by DoorDash, it highlights potential fraud and customer-trust risks. DoorDash customer thinks she’s getting a $200 credit

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.