DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 50,000 Shares

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 50,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.66, for a total transaction of $8,933,000.00. Following the transaction, the director now directly owns 16,176 shares in the company, valued at $2,890,004.16. This trade represents a 75.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $176.66, for a total value of $8,833,000.00.
• On Monday, November 18th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00.

DoorDash Stock Performance

DASH traded down $1.75 during trading on Monday, reaching $168.37. 1,862,636 shares of the company's stock were exchanged, compared to its average volume of 2,353,348. The company's fifty day moving average price is $173.31 and its 200-day moving average price is $144.48. The firm has a market capitalization of $69.94 billion, a PE ratio of -374.16, a P/E/G ratio of 13.46 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $181.78.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the previous year, the firm earned ($0.19) earnings per share. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. Research analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JMP Securities restated a "market outperform" rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on DoorDash from $127.00 to $142.00 and gave the company an "equal weight" rating in a report on Friday, October 4th. Jefferies Financial Group increased their target price on DoorDash from $155.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. DA Davidson raised their target price on DoorDash from $119.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, BTIG Research upgraded DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research report on Thursday, September 19th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $174.30.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. grew its holdings in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after purchasing an additional 130 shares during the period. Headlands Technologies LLC bought a new position in shares of DoorDash during the second quarter worth $32,000. Meeder Asset Management Inc. grew its holdings in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock valued at $32,000 after buying an additional 132 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of DoorDash in the 4th quarter valued at $36,000. Finally, Quest Partners LLC raised its stake in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock worth $37,000 after buying an additional 204 shares during the period. 90.64% of the stock is owned by institutional investors.

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.