DoorDash (NASDAQ:DASH) Director Sells $11,097,749.90 in Stock

by · The Cerbat Gem

DoorDash, Inc. (NASDAQ:DASH – Get Free Report) Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total transaction of $11,097,749.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, October 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $268.23, for a total transaction of $12,180,324.30.
  • On Tuesday, September 2nd, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $243.31, for a total value of $11,048,707.10.

DoorDash Stock Performance

Shares of DASH stock traded down $1.93 during trading hours on Wednesday, hitting $238.00. The stock had a trading volume of 5,368,435 shares, compared to its average volume of 4,320,758. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $101.67 billion, a PE ratio of 132.22 and a beta of 1.70. The stock’s 50 day moving average is $260.74 and its 200 day moving average is $237.29. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. DoorDash’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.38) EPS. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of research reports. JMP Securities upped their target price on shares of DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a report on Thursday, August 7th. Mizuho set a $350.00 price objective on DoorDash and gave the company an “outperform” rating in a research note on Monday, September 29th. Zacks Research upgraded DoorDash from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Needham & Company LLC set a $300.00 price target on DoorDash and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, UBS Group reissued a “buy” rating on shares of DoorDash in a research note on Tuesday. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $292.03.

View Our Latest Analysis on DoorDash

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. raised its holdings in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the period. GFG Capital LLC acquired a new stake in DoorDash in the second quarter valued at approximately $30,000. Saudi Central Bank purchased a new stake in shares of DoorDash during the first quarter valued at approximately $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash during the first quarter valued at approximately $26,000. Finally, Sound Income Strategies LLC lifted its position in shares of DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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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