DoorDash, Inc. (NASDAQ:DASH) Insider Keith Yandell Sells 5,509 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the transaction, the insider now directly owns 118,712 shares in the company, valued at approximately $20,921,802.88. The trade was a 4.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Keith Yandell also recently made the following trade(s):

• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40.

DoorDash Stock Down 0.1 %

Shares of DoorDash stock opened at $179.01 on Wednesday. The firm has a market capitalization of $74.36 billion, a P/E ratio of -397.80, a P/E/G ratio of 13.63 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $181.30. The firm’s 50 day moving average is $154.57 and its two-hundred day moving average is $129.52.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share. As a group, research analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Several large investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. State Street Corp lifted its holdings in shares of DoorDash by 3.8% during the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after purchasing an additional 272,659 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares during the period. Geode Capital Management LLC lifted its holdings in shares of DoorDash by 6.4% during the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after purchasing an additional 267,855 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of DoorDash by 7.9% during the third quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company’s stock worth $494,716,000 after purchasing an additional 252,600 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Raymond James assumed coverage on shares of DoorDash in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 target price on the stock. Truist Financial upped their target price on shares of DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Roth Mkm upped their target price on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $164.03.

About DoorDash

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.