DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Stanley Tang sold 23,125 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $188.71, for a total value of $4,363,918.75. Following the completion of the sale, the director directly owned 10,361 shares of the company's stock, valued at approximately $1,955,224.31. The trade was a 69.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stanley Tang also recently made the following trade(s):
- On Friday, October 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The stock was sold at an average price of $186.19, for a total transaction of $4,305,643.75.
- On Wednesday, September 2nd, Stanley Tang sold 30,835 shares of DoorDash stock. The shares were sold at an average price of $225.98, for a total value of $6,968,093.30.
- On Monday, August 24th, Stanley Tang sold 10,134 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total value of $2,280,150.00.
- On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The stock was sold at an average price of $225.16, for a total transaction of $16,294,153.72.
- On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total value of $2,249,775.00.
- On Thursday, August 20th, Stanley Tang sold 2,160 shares of DoorDash stock. The shares were sold at an average price of $220.62, for a total transaction of $476,539.20.
DoorDash Stock Up 8.3%
Shares of DASH stock opened at $198.59 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.37. The stock has a fifty day moving average price of $195.56 and a 200 day moving average price of $182.77. The stock has a market cap of $86.05 billion, a P/E ratio of 82.06 and a beta of 1.98. DoorDash, Inc. has a one year low of $143.30 and a one year high of $241.51.
DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the company earned $0.55 EPS. DoorDash's revenue was up 34.0% on a year-over-year basis. Analysts predict that DoorDash, Inc. will post 2.68 earnings per share for the current year.
Institutional Trading of DoorDash
A number of institutional investors have recently modified their holdings of the business. Keybank National Association OH boosted its stake in DoorDash by 2,914.8% in the 3rd quarter. Keybank National Association OH now owns 160,962 shares of the company's stock worth $29,545,000 after purchasing an additional 155,623 shares during the period. New York Life Investment Management LLC grew its stake in shares of DoorDash by 391.2% during the third quarter. New York Life Investment Management LLC now owns 259,271 shares of the company's stock valued at $47,589,000 after buying an additional 206,484 shares during the last quarter. 71 West Capital Partners boosted its position in DoorDash by 807.9% during the 3rd quarter. 71 West Capital Partners now owns 10,123 shares of the company's stock valued at $1,858,000 after buying an additional 9,008 shares during the period. Nemes Rush Group LLC raised its holdings in DoorDash by 18.7% in the 3rd quarter. Nemes Rush Group LLC now owns 1,899 shares of the company's stock worth $329,000 after purchasing an additional 299 shares in the last quarter. Finally, Fairscale Capital LLC raised its holdings in DoorDash by 128.6% in the third quarter. Fairscale Capital LLC now owns 144 shares of the company's stock worth $25,000 after purchasing an additional 81 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
DoorDash News Roundup
Here are the key news stories impacting DoorDash this week:
Wall Street Analyst Weigh In
Several equities research analysts have commented on DASH shares. Guggenheim reaffirmed a "buy" rating and issued a $255.00 target price on shares of DoorDash in a research note on Wednesday, October 14th. Zacks Research raised shares of DoorDash from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Weiss Ratings restated a "hold (c)" rating on shares of DoorDash in a research report on Friday, August 7th. UBS Group cut their price target on DoorDash from $225.00 to $213.00 and set a "neutral" rating for the company in a research note on Friday, October 30th. Finally, Wedbush raised DoorDash from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $220.00 to $230.00 in a research note on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $249.88.
Read Our Latest Analysis on DoorDash
About DoorDash
(
Get Free Report)
DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.
The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.
Further Reading
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