Key Points
- Director Stanley Tang sold 10,134 DoorDash shares at an average price of $225, generating approximately $2.28 million. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 49.45% to 10,361 shares.
- DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and ahead of estimates, but earnings per share of $0.46 narrowly missed consensus. The stock opened at $236.93, with a market capitalization of about $102.7 billion.
- Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $254.53 price target; institutional investors and hedge funds own approximately 90.64% of the company.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) General Counsel Tia Sherringham sold 2,265 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $227.64, for a total transaction of $515,604.60. Following the sale, the general counsel owned 118,262 shares of the company's stock, valued at approximately $26,921,161.68. This represents a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
DoorDash Price Performance
Shares of NASDAQ DASH opened at $236.93 on Thursday. The firm has a market cap of $102.66 billion, a P/E ratio of 124.05 and a beta of 1.78. The business's 50 day moving average is $196.67 and its 200-day moving average is $176.04. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the firm earned $0.65 EPS. DoorDash's revenue for the quarter was up 35.6% compared to the same quarter last year. Equities research analysts predict that DoorDash, Inc. will post 2.46 earnings per share for the current year.
Wall Street Analyst Weigh In
DASH has been the topic of several research analyst reports. KeyCorp reduced their price objective on DoorDash from $280.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Zacks Research raised shares of DoorDash from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Wedbush raised their price target on shares of DoorDash from $205.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Bank of America reaffirmed a "buy" rating on shares of DoorDash in a report on Thursday, August 6th. Finally, Cantor Fitzgerald upped their price objective on shares of DoorDash from $230.00 to $260.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.53.
View Our Latest Stock Report on DASH
Institutional Investors Weigh In On DoorDash
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock valued at $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC increased its position in DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock valued at $1,486,000 after purchasing an additional 285 shares during the period. Sivia Capital Partners LLC raised its holdings in DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock worth $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of DoorDash in the 2nd quarter worth approximately $222,000. Institutional investors and hedge funds own 90.64% of the company's stock.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash added Kohl’s, Barnes & Noble and Carter’s to its retail delivery offerings, expanding access to roughly 500,000 additional products ahead of the back-to-school season. The move supports DoorDash’s strategy of becoming a broader on-demand commerce platform and could increase order frequency and marketplace volume. DoorDash adds retail names and products
- Positive Sentiment: The company launched college-football promotions, including rewards, gift-card incentives, DashPass benefits and contests featuring prizes such as a Dodge Charger. The campaign could improve brand engagement and stimulate food-delivery demand during the football season, though its revenue impact was not quantified. DoorDash college football rewards program
- Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company scaling manufacturing. The investment offers a longer-term opportunity to improve delivery speed and efficiency, although it is not expected to materially affect near-term earnings. Airbound raises funding from DoorDash and others
- Neutral Sentiment: DoorDash reported that pecan orders rose 28% as restaurants introduce fall menus earlier. The data highlights seasonal consumer demand and provides marketing value, but does not represent company financial guidance. DoorDash fall flavor data
- Negative Sentiment: Several insiders disclosed sales, including CEO Tony Xu’s sale of 33,334 shares for approximately $7.67 million and director Stanley Tang’s sale of 10,134 shares for about $2.28 million. The general counsel and chief accounting officer also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the size of the CEO’s position reduction may concern investors. DoorDash insider selling
About DoorDash
(
Get Free Report)
DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.
In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
