DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 10,134 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 10,134 shares of DoorDash stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $225.00, for a total transaction of $2,280,150.00. Following the sale, the director owned 10,361 shares of the company’s stock, valued at approximately $2,331,225. The trade was a 49.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stanley Tang also recently made the following trade(s):

• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The stock was sold at an average price of $225.16, for a total value of $16,294,153.72.
• On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The shares were sold at an average price of $225.00, for a total value of $2,249,775.00.
• On Thursday, August 20th, Stanley Tang sold 2,160 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $476,539.20.
• On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The stock was sold at an average price of $200.63, for a total value of $13,581,246.59.
• On Thursday, July 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The stock was sold at an average price of $191.19, for a total value of $4,421,268.75.

DoorDash Stock Up 1.5%

DoorDash stock opened at $236.93 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $102.66 billion, a price-to-earnings ratio of 124.05 and a beta of 1.78. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The stock’s fifty day moving average is $196.67 and its two-hundred day moving average is $176.04.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Analysts predict that DoorDash, Inc. will post 2.46 EPS for the current fiscal year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash added Kohl’s, Barnes & Noble and Carter’s to its retail delivery offerings, expanding access to roughly 500,000 additional products ahead of the back-to-school season. The move supports DoorDash’s strategy of becoming a broader on-demand commerce platform and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football promotions, including rewards, gift-card incentives, DashPass benefits and contests featuring prizes such as a Dodge Charger. The campaign could improve brand engagement and stimulate food-delivery demand during the football season, though its revenue impact was not quantified. DoorDash college football rewards program
• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company scaling manufacturing. The investment offers a longer-term opportunity to improve delivery speed and efficiency, although it is not expected to materially affect near-term earnings. Airbound raises funding from DoorDash and others
• Neutral Sentiment: DoorDash reported that pecan orders rose 28% as restaurants introduce fall menus earlier. The data highlights seasonal consumer demand and provides marketing value, but does not represent company financial guidance. DoorDash fall flavor data
• Negative Sentiment: Several insiders disclosed sales, including CEO Tony Xu’s sale of 33,334 shares for approximately $7.67 million and director Stanley Tang’s sale of 10,134 shares for about $2.28 million. The general counsel and chief accounting officer also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the size of the CEO’s position reduction may concern investors. DoorDash insider selling

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC lifted its position in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after buying an additional 285 shares during the period. Sivia Capital Partners LLC lifted its position in DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after buying an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in DoorDash in the 2nd quarter worth about $222,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of a number of research reports. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Jefferies Financial Group increased their price target on shares of DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Roth Capital raised their price objective on shares of DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. DA Davidson cut their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Finally, Argus set a $190.00 price target on DoorDash in a research report on Thursday, June 11th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

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.