DoorDash, Inc. (NASDAQ:DASH) General Counsel Sells $2,459,303.60 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. The trade was a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tia Sherringham also recently made the following trade(s):

• On Monday, December 2nd, Tia Sherringham sold 11,694 shares of DoorDash stock. The stock was sold at an average price of $176.91, for a total value of $2,068,785.54.

DoorDash Stock Up 3.8 %

Shares of DASH stock traded up $7.33 during mid-day trading on Wednesday, hitting $198.60. 4,483,930 shares of the company's stock were exchanged, compared to its average volume of 3,478,165. The stock has a market cap of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. The stock has a 50-day simple moving average of $183.18 and a two-hundred day simple moving average of $162.29. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24.

Institutional Trading of DoorDash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC lifted its holdings in shares of DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after acquiring an additional 51 shares during the period. IFP Advisors Inc raised its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Avestar Capital LLC grew its stake in shares of DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after buying an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock valued at $1,970,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on DASH shares. Piper Sandler reaffirmed a "neutral" rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Benchmark upped their price target on DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. UBS Group raised their target price on shares of DoorDash from $200.00 to $204.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and issued a $200.00 price target on shares of DoorDash in a research note on Thursday, February 6th. Finally, Evercore ISI boosted their target price on shares of DoorDash from $200.00 to $240.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.