DoorDash, Inc. (NASDAQ:DASH) Director Sells $284,423.10 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 1,398 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now directly owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00.
• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $170.01, for a total value of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $178.66, for a total transaction of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00.

DoorDash Price Performance

DASH traded up $7.33 on Wednesday, reaching $198.60. 4,483,930 shares of the company traded hands, compared to its average volume of 3,478,165. The stock's 50 day moving average price is $183.18 and its 200-day moving average price is $162.29. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The company has a market cap of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DASH. Rakuten Securities Inc. raised its stake in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC bought a new position in DoorDash during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC bought a new stake in DoorDash in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DASH. JPMorgan Chase & Co. raised their price target on shares of DoorDash from $155.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Needham & Company LLC raised their price target on DoorDash from $180.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada lifted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Loop Capital increased their target price on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $206.52.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.