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

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. This represents a 75.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were 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.
• 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 transaction of $8,633,500.00.

DoorDash Price Performance

NASDAQ:DASH opened at $171.19 on Thursday. The firm’s fifty day moving average price is $173.51 and its 200 day moving average price is $144.91. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $181.78. The firm has a market cap of $71.11 billion, a price-to-earnings ratio of -380.42, a price-to-earnings-growth ratio of 13.46 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the firm posted ($0.19) EPS. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DASH. Wells Fargo & Company raised their target price on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Needham & Company LLC raised their target price on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley raised their target price on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday. Oppenheimer raised their target price on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, KeyCorp raised their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. boosted its position 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. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash during the 4th quarter worth $36,000. Headlands Technologies LLC purchased a new stake in shares of DoorDash during the 2nd quarter worth $32,000. Meeder Asset Management Inc. boosted its position in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of 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 last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Company Profile

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.