DoorDash (NASDAQ:DASH) Director Sells $226,600.00 in Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Shona Brown sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $181.28, for a total value of $226,600.00. Following the completion of the transaction, the director owned 32,252 shares in the company, valued at approximately $5,846,642.56. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

DoorDash Stock Performance

NASDAQ:DASH traded down $10.17 during trading hours on Wednesday, reaching $175.47. The stock had a trading volume of 6,045,901 shares, compared to its average volume of 4,393,599. The stock has a market cap of $75.63 billion, a P/E ratio of 89.07 and a beta of 1.77. The stock has a 50 day simple moving average of $216.69 and a 200 day simple moving average of $235.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of DoorDash by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after purchasing an additional 713,571 shares during the last quarter. State Street Corp increased its holdings in shares of DoorDash by 6.3% during the third quarter. State Street Corp now owns 15,296,624 shares of the company’s stock valued at $4,160,529,000 after acquiring an additional 909,125 shares in the last quarter. Capital World Investors boosted its stake in DoorDash by 0.9% in the 3rd quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock worth $2,955,424,000 after purchasing an additional 95,278 shares in the last quarter. Geode Capital Management LLC increased its stake in DoorDash by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 8,867,615 shares of the company’s stock valued at $2,000,371,000 after purchasing an additional 252,471 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of DoorDash by 18.2% in 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 in the last quarter. Institutional investors own 90.64% of the company’s stock.

Trending Headlines about DoorDash

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Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $245.00 price objective on shares of DoorDash in a report on Monday, February 2nd. Wall Street Zen lowered DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Jefferies Financial Group increased their target price on shares of DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Morgan Stanley lifted their price target on DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Citigroup reiterated a “market outperform” rating on shares of DoorDash in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.09.

View Our Latest Stock Analysis on DoorDash

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.

Further Reading

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

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