Andy Fang Sells 30,000 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $268.20, for a total transaction of $8,046,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, September 2nd, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $243.32, for a total transaction of $7,299,600.00.
• On Thursday, August 7th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00.
• On Friday, August 1st, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $247.04, for a total transaction of $7,411,200.00.

DoorDash Stock Performance

NASDAQ:DASH opened at $271.22 on Friday. DoorDash, Inc. has a fifty-two week low of $141.26 and a fifty-two week high of $278.15. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $255.52 and its 200-day simple moving average is $224.15. The stock has a market cap of $115.87 billion, a PE ratio of 150.68 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm’s revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.38) EPS. Analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of research reports. Truist Financial increased their price objective on shares of DoorDash from $272.00 to $326.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Sanford C. Bernstein increased their price objective on shares of DoorDash from $210.00 to $265.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Stifel Nicolaus increased their price objective on shares of DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Roth Capital increased their price objective on shares of DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $330.00 target price on shares of DoorDash in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $275.27.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently bought and sold shares of the business. Saudi Central Bank acquired a new stake in DoorDash during the 1st quarter worth approximately $25,000. WPG Advisers LLC acquired a new stake in DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new stake in DoorDash during the 1st quarter worth approximately $27,000. GFG Capital LLC acquired a new stake in DoorDash during the 2nd quarter worth approximately $30,000. Finally, Harbour Investments Inc. increased its position in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.