DoorDash (NASDAQ:DASH) Insider Keith Yandell Sells 2,643 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total transaction of $410,563.62. Following the transaction, the insider directly owned 81,106 shares in the company, valued at $12,599,006.04. The trade was a 3.16% 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.

DoorDash Stock Down 0.6%

DoorDash stock opened at $156.70 on Friday. The company’s 50 day simple moving average is $162.32 and its 200 day simple moving average is $187.51. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 74.62 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DASH. Citigroup dropped their target price on shares of DoorDash from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Barclays dropped their target price on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, February 19th. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a report on Wednesday, April 15th. Cantor Fitzgerald dropped their target price on shares of DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, UBS Group raised their target price on shares of DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $259.58.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. grew its position in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares in the last quarter. MV Capital Management Inc. bought a new position in DoorDash in the fourth quarter valued at $26,000. Eastern Bank grew its position in DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. grew its position in DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Finally, Swiss RE Ltd. bought a new position in DoorDash in the fourth quarter valued at $28,000. Institutional investors own 90.64% of the company’s stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash announced a new partnership with Dollar Tree that will bring on-demand delivery from Dollar Tree’s full U.S. store footprint to the DoorDash app, expanding access to more than 9,000 stores and over 10,000 products. This could boost order volume and deepen DoorDash’s retail delivery business. DoorDash and Dollar Tree Partner to Bring Greater Value and Thrill of the Hunt Discovery On-Demand
• Positive Sentiment: Another report highlighted DoorDash’s growing reach beyond restaurant delivery, including talks in the Middle East alongside the Dollar Tree deal, reinforcing the view that the company is still expanding its addressable market. DoorDash Extends Reach With Middle East Talks And Dollar Tree Deal
• Neutral Sentiment: Commentary about the broader food delivery competition suggests the industry is entering a more aggressive phase, which may support DoorDash’s scale advantage but also implies heavier competition and ongoing pressure to defend market share. The Food Delivery War Just Entered Its Final Phase
• Negative Sentiment: Several insider sales were reported, including trades by COO Prabir Adarkar, General Counsel Tia Sherringham, and Keith Yandell. The sales were under pre-arranged trading plans, but insider selling can still create caution among investors. Prabir Adarkar insider trade

About DoorDash

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.