DoorDash (NASDAQ:DASH) General Counsel Sells $515,604.60 in Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,265 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $227.64, for a total value of $515,604.60. Following the completion of the transaction, the general counsel directly owned 118,262 shares in the company, valued at $26,921,161.68. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Price Performance

NASDAQ DASH traded up $3.43 during trading hours on Wednesday, reaching $236.93. 5,006,178 shares of the company’s stock were exchanged, compared to its average volume of 4,787,201. The firm has a fifty day moving average of $195.24 and a 200-day moving average of $175.67. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The stock has a market cap of $102.66 billion, a PE ratio of 124.05 and a beta of 1.78. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $4.45 billion during 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 company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, equities research analysts predict that DoorDash, Inc. will post 2.46 earnings per share for the current fiscal year.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company. The investment could give DoorDash access to technology that may eventually improve delivery speed, geographic reach and operating efficiency, although it is not expected to affect near-term earnings. Airbound raises $37 million from Greenoaks, DoorDash, others; aims to scale up drone delivery
• Positive Sentiment: The company launched a college-football rewards program, including promotional gift cards, free DashPass opportunities for some students and a chance to win a vehicle. The campaign, featuring Reggie Bush, Jameis Winston and Lane Kiffin, may increase customer engagement and order volumes during the football season. DoorDash Launches Season-Long Rewards Program for College Football Fans DoorDash Offers $250 Gift Cards and a Chance to Win a Car This Football Season
• Positive Sentiment: Analysts remain broadly constructive after DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, exceeding expectations. Several firms raised price targets, and the consensus rating remains “Moderate Buy,” with an average target of $254.53. DoorDash analyst and insider trading update
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day days-to-cover ratio. Because the figures appear anomalous, they provide little actionable information about bearish positioning.
• Negative Sentiment: COO Prabir Adarkar and director Stanley Tang disclosed stock sales totaling approximately $22.8 million. The trades were made under pre-arranged Rule 10b5-1 plans and primarily covered tax withholding, reducing their bearish significance, but Tang’s substantial reduction may still concern some investors. DoorDash insider transaction filings
• Negative Sentiment: DoorDash’s latest quarterly EPS slightly missed consensus and declined from the prior-year period. At roughly 120–124 times earnings, the stock also carries a demanding valuation, leaving it vulnerable if growth or profitability disappoints.
• Neutral Sentiment: A head-to-head comparison with Sands China offers no material new information about DoorDash’s fundamentals or outlook. DoorDash versus Sands China comparison

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of DASH. California State Teachers Retirement System raised its position in shares of DoorDash by 16,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock valued at $19,101,838,000 after acquiring an additional 102,904,566 shares during the last quarter. SC US Ttgp LTD. lifted 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 period. Morgan Stanley boosted its position in shares of DoorDash by 2.3% in the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock worth $3,971,741,000 after purchasing an additional 391,596 shares during the last quarter. State Street Corp boosted its position in shares of DoorDash by 3.0% in the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after purchasing an additional 464,448 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after purchasing an additional 3,447,754 shares during the period. 90.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DASH shares. Cantor Fitzgerald upped their price target on shares of DoorDash from $230.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Barclays cut shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday. Benchmark reduced their target price on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. The Goldman Sachs Group set a $280.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Finally, Susquehanna boosted their price objective on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Twenty-three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $254.53.

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.