DoorDash, Inc. (NASDAQ:DASH) Director Sells $284,423.10 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 1,398 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00.
• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $170.01, for a total transaction of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $178.66, for a total transaction of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00.

DoorDash Stock Down 2.3 %

Shares of DASH opened at $191.27 on Wednesday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The firm has a 50-day moving average price of $183.18 and a 200 day moving average price of $162.29. The firm has a market capitalization of $80.35 billion, a PE ratio of 708.41 and a beta of 1.72.

Hedge Funds Weigh In On DoorDash

Large investors have recently made changes to their positions in the business. Rakuten Securities Inc. boosted its position in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the 4th quarter valued at about $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $36,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DASH shares. Oppenheimer increased their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. JMP Securities reissued a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a report on Thursday, February 6th. Piper Sandler reissued a “neutral” rating and set a $210.00 target price (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Evercore ISI increased their target price on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Bank of America increased their target price on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $206.52.

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.