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 firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company's stock, valued at $2,857,652.16. This represents a 75.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 18th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00.
• On Monday, October 14th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $149.83, for a total value of $7,491,500.00.
• On Thursday, October 10th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $143.76, for a total transaction of $7,188,000.00.

DoorDash Trading Up 2.5 %

Shares of NASDAQ:DASH traded up $4.41 during midday trading on Monday, hitting $179.50. 2,337,688 shares of the stock were exchanged, compared to its average volume of 3,724,673. DoorDash, Inc. has a twelve month low of $93.33 and a twelve month high of $181.30. The company has a 50 day moving average price of $165.56 and a 200-day moving average price of $136.22. The stock has a market cap of $74.56 billion, a P/E ratio of -398.89, a PEG ratio of 13.56 and a beta of 1.70.

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

Institutional Investors Weigh In On DoorDash

A number of large investors have recently bought and sold shares of DASH. Rakuten Securities Inc. boosted its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after acquiring an additional 130 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock worth $32,000 after purchasing an additional 132 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of DoorDash in the second quarter valued at $32,000. Quest Partners LLC grew its position in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company's stock valued at $37,000 after purchasing an additional 204 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of DoorDash by 141.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company's stock valued at $38,000 after acquiring an additional 206 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. KeyCorp boosted their target price on shares of DoorDash from $177.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods raised DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price objective on the stock in a report on Wednesday, September 25th. BMO Capital Markets boosted their price objective on DoorDash from $140.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their target price on shares of DoorDash from $175.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, Loop Capital upped their price target on shares of DoorDash from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $167.27.

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.