DoorDash (NASDAQ:DASH) Director Andy Fang Sells 30,000 Shares

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Andy Fang sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.52, for a total value of $6,675,600.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Monday, December 1st, Andy Fang sold 25,000 shares of DoorDash stock. The stock was sold at an average price of $204.95, for a total transaction of $5,123,750.00.
  • On Monday, November 3rd, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $244.39, for a total value of $7,331,700.00.

DoorDash Trading Up 1.2%

Shares of NASDAQ:DASH traded up $2.66 during trading on Tuesday, reaching $229.38. 4,629,105 shares of the company traded hands, compared to its average volume of 4,446,664. The firm has a market capitalization of $98.86 billion, a price-to-earnings ratio of 116.44 and a beta of 1.70. The business’s fifty day moving average is $220.43 and its 200-day moving average is $241.54. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

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

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent research reports. Cantor Fitzgerald decreased their price objective on DoorDash from $330.00 to $270.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group lifted their price objective on DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Wells Fargo & Company decreased their price objective on DoorDash from $301.00 to $239.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Morgan Stanley increased their price objective on DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.17.

Read Our Latest Stock Report on DoorDash

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DASH. Norges Bank purchased a new stake in DoorDash during the 2nd quarter worth about $1,185,576,000. Vanguard Group Inc. raised its stake in DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after acquiring an additional 1,792,799 shares in the last quarter. Scge Management L.P. purchased a new position in DoorDash during the 2nd quarter worth approximately $267,463,000. Invesco Ltd. increased its position in DoorDash by 18.2% during the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after buying an additional 980,148 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in DoorDash in the third quarter valued at approximately $259,154,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

About DoorDash

(Get Free Report)

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.

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

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