DoorDash (NASDAQ:DASH) General Counsel Sells $441,046.97 in Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,743 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares in the company, valued at $20,615,850.64. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Performance

Shares of DASH opened at $159.29 on Friday. The stock’s 50-day simple moving average is $162.21 and its 200 day simple moving average is $187.31. The stock has a market capitalization of $69.41 billion, a price-to-earnings ratio of 75.85 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. Research analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash announced a partnership with Dollar Tree that will bring on-demand delivery to Dollar Tree’s full U.S. store footprint, opening access to more than 9,000 stores and over 10,000 products. Investors may view this as a meaningful expansion beyond restaurant delivery and a potential driver of order growth. DoorDash and Dollar Tree Partner to Bring Greater Value and Thrill of the Hunt Discovery On-Demand
• Positive Sentiment: Jim Cramer said he thinks DoorDash “is a buy,” adding another bullish media mention that can help sentiment around the stock. Jim Cramer Says He Thinks “DoorDash Is a Buy”
• Neutral Sentiment: Commentary about the food-delivery industry said the competitive battle is entering a more aggressive phase. That could support DoorDash’s scale advantages, but it also suggests continued pressure to defend market share and margins. The Food Delivery War Just Entered Its Final Phase
• Negative Sentiment: Several insider sales were disclosed, including trades by COO Prabir Adarkar, General Counsel Tia Sherringham, and insider Keith Yandell. The sales were made under pre-arranged 10b5-1 plans, but insider selling can still make some investors cautious. Prabir Adarkar insider trade

Institutional Trading of DoorDash

A number of large investors have recently modified their holdings of the business. Premier Path Wealth Partners LLC boosted its holdings in DoorDash by 1.9% in the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after acquiring an additional 45 shares in the last quarter. Callan Family Office LLC boosted its holdings in DoorDash by 0.8% in the third quarter. Callan Family Office LLC now owns 6,123 shares of the company’s stock worth $1,665,000 after acquiring an additional 51 shares in the last quarter. Keel Point LLC boosted its holdings in DoorDash by 4.3% in the third quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after acquiring an additional 58 shares in the last quarter. Petra Financial Advisors Inc. boosted its holdings in DoorDash by 2.2% in the third quarter. Petra Financial Advisors Inc. now owns 2,764 shares of the company’s stock worth $752,000 after acquiring an additional 59 shares in the last quarter. Finally, CYBER HORNET ETFs LLC boosted its holdings in DoorDash by 6.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DASH. Bank of America increased their price objective on DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Rothschild & Co Redburn set a $350.00 price target on DoorDash in a report on Tuesday, May 12th. Piper Sandler dropped their price target on DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. DA Davidson dropped their price target on DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Finally, Guggenheim dropped their price target on DoorDash from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.