DoorDash (NASDAQ:DASH) Insider Keith Yandell Sells 2,643 Shares

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 2,643 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. The trade was a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Price Performance

Shares of NASDAQ DASH traded down $0.88 during midday trading on Thursday, hitting $156.70. 4,373,274 shares of the company’s stock were exchanged, compared to its average volume of 4,921,022. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 74.62 and a beta of 1.87. The business’s fifty day moving average price is $162.58 and its two-hundred day moving average price is $187.84.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping 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 company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. DoorDash’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Physician Wealth Advisors Inc. lifted its position in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. MV Capital Management Inc. bought a new stake in DoorDash in the fourth quarter valued at approximately $26,000. Eastern Bank lifted its position in DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. lifted its position in DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Finally, Swiss RE Ltd. bought a new stake in DoorDash in the fourth quarter valued at approximately $28,000. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho cut their price objective on DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Stifel Nicolaus cut their price objective on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a report on Monday, April 13th. Morgan Stanley reissued an “overweight” rating and set a $275.00 price objective on shares of DoorDash in a report on Thursday, February 19th. DA Davidson cut their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Cantor Fitzgerald cut their target price on DoorDash from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $259.58.

About DoorDash

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.