DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang Sells 45,410 Shares of Stock

by · The Markets Daily

DoorDash, Inc. (NASDAQ:DASH – Get Free Report) Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the completion of the sale, the director directly owned 26,070 shares in the company, valued at approximately $6,442,157.70. The trade was a 63.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Stanley Tang also recently made the following trade(s):

  • On Tuesday, July 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90.
  • On Monday, June 2nd, Stanley Tang sold 45,231 shares of DoorDash stock. The shares were sold at an average price of $211.36, for a total value of $9,560,024.16.

DoorDash Stock Performance

NASDAQ:DASH opened at $255.28 on Wednesday. The stock has a 50-day simple moving average of $232.69 and a two-hundred day simple moving average of $204.86. DoorDash, Inc. has a 52-week low of $120.91 and a 52-week high of $259.87. The firm has a market capitalization of $108.17 billion, a PE ratio of 331.54 and a beta of 1.70.

DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. DoorDash’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DASH. Cantor Fitzgerald reissued an “overweight” rating and set a $260.00 price objective (up from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. Loop Capital reissued a “buy” rating on shares of DoorDash in a report on Tuesday, July 15th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a report on Tuesday, April 29th. Stifel Nicolaus raised their price target on DoorDash from $198.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 29th. Finally, Oppenheimer raised their price target on DoorDash from $220.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, June 30th. Eleven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $235.56.

Read Our Latest Stock Analysis on DoorDash

Hedge Funds Weigh In On DoorDash

Hedge funds have recently made changes to their positions in the business. Gilbert & Cook Inc. lifted its position in shares of DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after buying an additional 42 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of DoorDash by 1.3% in the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after buying an additional 46 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after buying an additional 51 shares in the last quarter. Yeomans Consulting Group Inc. lifted its position in shares of DoorDash by 3.9% in the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after buying an additional 51 shares in the last quarter. Finally, Palo Alto Wealth Advisors LLC lifted its position in shares of DoorDash by 0.4% in the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock worth $2,385,000 after buying an additional 54 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

(Get Free Report)

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.

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