Ashley Still Sells 63 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Ashley Still sold 63 shares of DoorDash stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $239.66, for a total transaction of $15,098.58. Following the transaction, the director owned 2,416 shares of the company’s stock, valued at $579,018.56. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ashley Still also recently made the following trade(s):

• On Thursday, October 2nd, Ashley Still sold 62 shares of DoorDash stock. The stock was sold at an average price of $268.90, for a total transaction of $16,671.80.
• On Wednesday, September 3rd, Ashley Still sold 63 shares of DoorDash stock. The shares were sold at an average price of $243.99, for a total value of $15,371.37.

DoorDash Stock Up 4.0%

DASH stock opened at $204.31 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $258.75 and its 200-day moving average is $237.24. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The firm has a market capitalization of $87.28 billion, a PE ratio of 103.71 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s revenue was up 27.3% compared to the same quarter last year. Sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Trading of DoorDash

Several institutional investors have recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. grew its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. GFG Capital LLC purchased a new stake in DoorDash in the 2nd quarter worth approximately $30,000. Saudi Central Bank bought a new stake in shares of DoorDash in the 1st quarter worth approximately $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash during the first quarter valued at approximately $26,000. Finally, Sound Income Strategies LLC raised its holdings in shares of DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after acquiring an additional 138 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays reduced their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday. Roth Capital increased their price target on shares of DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Stifel Nicolaus lowered their price objective on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research report on Thursday. Loop Capital reiterated a “buy” rating on shares of DoorDash in a research note on Tuesday, July 15th. Finally, Needham & Company LLC set a $300.00 price target on shares of DoorDash and gave the stock a “buy” rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $280.62.

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.