Insider Selling: DoorDash (NASDAQ:DASH) Director Sells $900,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Up 3.7%

DASH stock traded up $6.51 during midday trading on Friday, hitting $183.42. The stock had a trading volume of 7,324,125 shares, compared to its average volume of 4,987,662. The business has a 50-day moving average of $165.43 and a two-hundred day moving average of $181.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $79.92 billion, a price-to-earnings ratio of 87.34 and a beta of 1.83. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently modified their holdings of the business. Keel Point LLC lifted its holdings in shares of DoorDash by 4.3% during the third quarter. Keel Point LLC now owns 1,393 shares of the company’s stock valued at $379,000 after purchasing an additional 58 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in shares of 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 during the period. Vise Technologies Inc. raised its holdings in shares of DoorDash by 1.8% during the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after purchasing an additional 63 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DoorDash by 7.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock valued at $222,000 after purchasing an additional 64 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC lifted its position in DoorDash by 1.2% during the third quarter. Wealthedge Investment Advisors LLC now owns 5,291 shares of the company’s stock valued at $1,439,000 after purchasing an additional 65 shares during the period. Institutional investors own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash expanded its partnership with Urban Outfitters on a graduation campaign, with the brands using DoorDash to deliver surprise gifts and run a high-visibility promotional event. The story highlights DoorDash’s growing role in retail marketing and consumer engagement. Article Title
• Positive Sentiment: Precisely launched a new commercial-property imagery product enabled by DoorDash Tasks, showing that DoorDash’s fulfillment network is being used beyond food delivery and into enterprise data services. Article Title
• Neutral Sentiment: DoorDash was mentioned in several consumer and media stories, including gift-card promotions, an ad industry event at Cannes, and celebrity/social-media headlines. These items may boost brand visibility but are unlikely to change fundamentals on their own.
• Negative Sentiment: Multiple news reports highlighted delivery-related crimes and safety issues involving DoorDash orders, drivers, and a delivery robot. While these incidents are mostly anecdotal, they can create reputational pressure and remind investors of operational risk.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DASH shares. Piper Sandler cut their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Moffett Nathanson set a $276.00 price objective on DoorDash in a research note on Wednesday, April 15th. TD Cowen initiated coverage on DoorDash in a report on Monday, April 27th. They issued a “buy” rating and a $225.00 target price on the stock. Susquehanna reduced their price target on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a report on Friday, May 8th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $256.11.

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.