Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Director Sells $5,670,000.00 in Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the completion of the transaction, the director now owns 39,275 shares in the company, valued at $4,453,785. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, June 10th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $111.96, for a total transaction of $5,598,000.00.
  • On Thursday, April 11th, Andy Fang sold 66,195 shares of DoorDash stock. The stock was sold at an average price of $139.31, for a total transaction of $9,221,625.45.
  • On Thursday, March 28th, Andy Fang sold 67,000 shares of DoorDash stock. The stock was sold at an average price of $139.09, for a total transaction of $9,319,030.00.

DoorDash Price Performance

Shares of DASH opened at $113.77 on Friday. The firm’s 50 day moving average is $120.75 and its 200-day moving average is $116.00. The stock has a market capitalization of $46.52 billion, a P/E ratio of -105.34, a P/E/G ratio of 28.38 and a beta of 1.69. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34.

DoorDash (NASDAQ:DASHGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.41) EPS. As a group, equities research analysts forecast that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DASH shares. UBS Group reduced their price target on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. The Goldman Sachs Group lifted their price objective on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Roth Mkm cut their price objective on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. BMO Capital Markets cut their price objective on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, Oppenheimer lifted their price objective on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Check Out Our Latest Stock Analysis on DASH

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of DoorDash in the first quarter worth approximately $25,000. Venturi Wealth Management LLC increased its position in shares of DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares in the last quarter. ORG Partners LLC increased its position in shares of DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of DoorDash in the first quarter worth approximately $42,000. Finally, Parkside Financial Bank & Trust increased its position in shares of DoorDash by 361.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

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