Keith Yandell Sells 8,116 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) insider Keith Yandell sold 8,116 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the sale, the insider now directly owns 105,162 shares in the company, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Keith Yandell also recently made the following trade(s):

• On Friday, December 6th, Keith Yandell sold 4,474 shares of DoorDash stock. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64.

DoorDash Stock Up 4.1 %

Shares of DoorDash stock traded up $7.84 during mid-day trading on Wednesday, reaching $199.11. 3,283,929 shares of the stock traded hands, compared to its average volume of 3,442,418. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The stock has a market capitalization of $83.64 billion, a PE ratio of 735.27 and a beta of 1.72. The business has a 50-day moving average of $183.18 and a 200 day moving average of $162.29.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. increased its position in shares of DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company's stock worth $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Swedbank AB grew its holdings in shares of DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock worth $28,694,000 after acquiring an additional 5,539 shares during the period. Forsta AP Fonden lifted its stake in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock valued at $9,206,000 after buying an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock worth $1,522,000 after purchasing an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DASH. Mizuho increased their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Wedbush lifted their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Argus raised shares of DoorDash from a "hold" rating to a "buy" rating in a report on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, DoorDash currently 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.