DoorDash (NASDAQ:DASH) Director Sells 23,125 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 23,125 shares of the company’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 transaction, the director directly owned 10,361 shares of the company’s stock, valued at $1,955,224.31. The trade was a 69.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $4,305,643.75.
• On Wednesday, September 2nd, Stanley Tang sold 30,835 shares of DoorDash stock. The stock was 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 shares were 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 shares were sold at an average price of $225.16, for a total value of $16,294,153.72.
• On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The shares were 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 stock was sold at an average price of $220.62, for a total value of $476,539.20.

DoorDash Trading Up 8.4%

NASDAQ:DASH traded up $15.32 during trading hours on Wednesday, hitting $198.64. The company had a trading volume of 7,878,067 shares, compared to its average volume of 4,657,179. The company has a market capitalization of $86.07 billion, a PE ratio of 82.08 and a beta of 1.98. The stock has a 50-day moving average price of $196.26 and a 200 day moving average price of $182.83. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $241.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data 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 net margin of 6.23% and a return on equity of 10.40%. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, equities research analysts predict that DoorDash, Inc. will post 2.66 EPS for the current fiscal year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s third-quarter results beat estimates: earnings were $1.06 per share versus $0.81 expected, while revenue of $4.62 billion topped the $4.56 billion consensus and rose 34% year over year. Strong marketplace demand and grocery expansion helped support growth. DASH Q3 Earnings Call Focuses on Instacart Deal and Grocery Expansion
• Positive Sentiment: The planned Instacart deal could expand DoorDash’s grocery reach and create operating synergies, contributing to investor optimism. The shares also benefited from strength across the delivery sector after Uber highlighted robust delivery performance. Uber Climbs 7% Despite Soft Profit Outlook as Delivery Strength Shines
• Neutral Sentiment: The $17 billion acquisition is drawing attention across the grocery industry and could reshape competition, but its eventual impact will depend on integration and execution. What the DoorDash-Instacart tie-up means for the grocery industry
• Negative Sentiment: Regulatory scrutiny is a potential risk: reports say the FTC is examining DoorDash’s pricing and Dasher pay following the Instacart announcement. A separate report also noted an analyst downgrade, which may temper enthusiasm. FTC Turns to DoorDash’s Pricing and Dasher Pay

Analyst Ratings Changes

A number of equities analysts recently issued reports on DASH shares. Wells Fargo & Company decreased their price target on shares of DoorDash from $230.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. Raymond James Financial reiterated a “buy” rating on shares of DoorDash in a report on Thursday, September 3rd. Moffett Nathanson lowered their price objective on DoorDash from $280.00 to $278.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Roth Capital boosted their target price on shares of DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Scotiabank reduced their target price on shares of DoorDash from $275.00 to $235.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fairscale Capital LLC boosted its holdings in DoorDash by 128.6% in the 3rd quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock worth $25,000 after buying an additional 81 shares during the period. Vestor Capital LLC bought a new position in shares of DoorDash during the 3rd quarter valued at approximately $679,000. Retirement Systems of Alabama grew its stake in shares of DoorDash by 390.8% in the 3rd quarter. Retirement Systems of Alabama now owns 390,142 shares of the company’s stock worth $71,611,000 after buying an additional 310,644 shares in the last quarter. Joseph Group Capital Management increased its holdings in shares of DoorDash by 341.5% in the 3rd quarter. Joseph Group Capital Management now owns 649 shares of the company’s stock worth $119,000 after buying an additional 502 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in shares of DoorDash in the 3rd quarter worth about $24,580,000. 90.64% of the stock is owned by institutional investors.

DoorDash Company Profile

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.