DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 23,125 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 23,125 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $186.19, for a total transaction of $4,305,643.75. Following the completion of the sale, the director directly owned 10,361 shares of the company’s stock, valued at $1,929,114.59. This trade represents a 69.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Stanley Tang sold 30,835 shares of DoorDash stock. The shares were sold at an average price of $225.98, for a total transaction of $6,968,093.30.
• On Monday, August 24th, Stanley Tang sold 10,134 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total transaction of $2,280,150.00.
• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The shares were sold at an average price of $225.16, for a total transaction 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 shares were sold at an average price of $200.63, for a total value of $13,581,246.59.

DoorDash Trading Up 1.0%

DASH stock traded up $1.85 during trading on Tuesday, hitting $193.62. 2,897,411 shares of the company traded hands, compared to its average volume of 4,676,053. The company has a 50-day moving average of $206.75 and a 200-day moving average of $181.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm has a market capitalization of $83.89 billion, a PE ratio of 101.37 and a beta of 1.90.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DASH has been the subject of a number of recent analyst reports. Bank of America reiterated a “buy” rating on shares of DoorDash in a report on Thursday, August 6th. Wells Fargo & Company boosted their price objective on shares of DoorDash from $225.00 to $230.00 and gave the company a “cautious” rating in a research report on Monday. Wedbush upped their price objective on shares of DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. TD Cowen increased their target price on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Benchmark reduced their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.61.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Costco delivery launches across Canada: Costco has introduced delivery through DoorDash in Canada, expanding DoorDash’s reach beyond restaurants and adding a major retail partner. The agreement could increase order frequency and marketplace volume, although financial terms were not disclosed. Costco Delivery Launches on DoorDash Across Canada
• Positive Sentiment: Robot-delivery expansion in the UK: Deliveroo, DoorDash’s global brand, is partnering with Coco Robotics to launch sidewalk-robot deliveries in London’s Canary Wharf and several other UK cities. The initiative could eventually improve delivery economics and reinforce DoorDash’s logistics-technology strategy, though the immediate revenue impact is likely limited. Coco Robotics and Deliveroo announce exclusive partnership to scale robot deliveries across the UK
• Positive Sentiment: Analyst sentiment remains favorable: DoorDash carries a consensus “Moderate Buy” rating, with an average price target of $257.61 in the cited report. This supports the longer-term bullish case, although the stock’s valuation remains demanding following its latest earnings-per-share miss. DoorDash receives average recommendation of Moderate Buy from analysts
• Neutral Sentiment: Marketing and strategy headlines: Coverage of brands shifting spending from television to social media highlights the success of a viral DoorDash-related campaign, but the $100 million agency transaction is not a DoorDash deal and has no clear direct earnings effect. Another report describes DoorDash encouraging customers to change how they order, but provides no specific financial guidance. Brands are fleeing TV for social
• Negative Sentiment: Service outage reported: Thousands of users reported problems logging in, placing orders and using the DoorDash platform. A prolonged disruption could reduce transaction volume, frustrate customers and raise questions about platform reliability. DoorDash Down for Thousands of Users
• Negative Sentiment: Insider selling: COO Keith Yandell sold 2,183 shares for about $401,000, and Director Andy Fang sold 5,000 shares for approximately $918,000. Both trades were made under pre-arranged Rule 10b5-1 plans, limiting their value as a bearish signal, but they may modestly pressure sentiment.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SC US Ttgp LTD. grew its stake in DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after purchasing an additional 506,358 shares during the period. Janus Henderson Group PLC lifted its position in DoorDash by 8.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,536,599 shares of the company’s stock valued at $1,247,961,000 after buying an additional 427,031 shares during the period. Sands Capital Management LLC lifted its position in DoorDash by 11.8% during the fourth quarter. Sands Capital Management LLC now owns 4,496,607 shares of the company’s stock valued at $1,018,392,000 after buying an additional 473,316 shares during the period. Temasek Holdings Private Ltd boosted its holdings in shares of DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after buying an additional 1,145,078 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of DoorDash by 18.4% in the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after buying an additional 536,080 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.