Andy Fang Sells 1,398 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares of the company’s stock, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00.
• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were 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.

DoorDash Stock Performance

DoorDash stock opened at $191.27 on Wednesday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The firm has a 50 day moving average price of $183.18 and a 200 day moving average price of $162.29. The company has a market cap of $80.35 billion, a price-to-earnings ratio of 708.41 and a beta of 1.72.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. grew its stake 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 buying an additional 130 shares during the period. Pittenger & Anderson Inc. purchased a new stake in DoorDash during the fourth quarter worth approximately $29,000. Denver PWM LLC purchased a new stake in DoorDash during the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash during the fourth quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash during the fourth quarter worth approximately $36,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DASH has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Wedbush lifted their target price on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. UBS Group lifted their target price on shares of DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their target price on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” 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 company’s stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

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.