DoorDash (NASDAQ:DASH) Stock: Insider Stanley Tang Sells 23,125 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 23,125 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $186.19, for a total value of $4,305,643.75. Following the completion of the sale, the director owned 10,361 shares of the company’s stock, valued at $1,929,114.59. This trade represents a 69.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 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 shares were sold at an average price of $225.00, for a total transaction 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 transaction of $476,539.20.
• On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The stock was sold at an average price of $200.63, for a total transaction of $13,581,246.59.

DoorDash Stock Up 1.0%

Shares of NASDAQ:DASH traded up $1.85 during midday trading on Tuesday, reaching $193.62. 2,897,411 shares of the company were exchanged, compared to its average volume of 4,676,053. The firm has a market cap of $83.89 billion, a PE ratio of 101.37 and a beta of 1.90. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The stock has a fifty day simple moving average of $206.75 and a two-hundred day simple moving average of $181.85. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.DoorDash’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays cut shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a research note on Monday, August 24th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Argus set a $190.00 target price on shares of DoorDash in a research report on Thursday, June 11th. BTIG Research reissued a “buy” rating and set a $225.00 price target on shares of DoorDash in a research report on Thursday, August 6th. Finally, Raymond James Financial restated a “buy” rating on shares of DoorDash in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.61.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Costco delivery launches across Canada: Costco has introduced delivery through DoorDash in Canada, expanding DoorDash’s reach beyond restaurants and adding a major retail partner. The agreement could increase order frequency and marketplace volume, although financial terms were not disclosed. Costco Delivery Launches on DoorDash Across Canada
• Positive Sentiment: Robot-delivery expansion in the UK: Deliveroo, DoorDash’s global brand, is partnering with Coco Robotics to launch sidewalk-robot deliveries in London’s Canary Wharf and several other UK cities. The initiative could eventually improve delivery economics and reinforce DoorDash’s logistics-technology strategy, though the immediate revenue impact is likely limited. Coco Robotics and Deliveroo announce exclusive partnership to scale robot deliveries across the UK
• Positive Sentiment: Analyst sentiment remains favorable: DoorDash carries a consensus “Moderate Buy” rating, with an average price target of $257.61 in the cited report. This supports the longer-term bullish case, although the stock’s valuation remains demanding following its latest earnings-per-share miss. DoorDash receives average recommendation of Moderate Buy from analysts
• Neutral Sentiment: Marketing and strategy headlines: Coverage of brands shifting spending from television to social media highlights the success of a viral DoorDash-related campaign, but the $100 million agency transaction is not a DoorDash deal and has no clear direct earnings effect. Another report describes DoorDash encouraging customers to change how they order, but provides no specific financial guidance. Brands are fleeing TV for social
• Negative Sentiment: Service outage reported: Thousands of users reported problems logging in, placing orders and using the DoorDash platform. A prolonged disruption could reduce transaction volume, frustrate customers and raise questions about platform reliability. DoorDash Down for Thousands of Users
• Negative Sentiment: Insider selling: COO Keith Yandell sold 2,183 shares for about $401,000, and Director Andy Fang sold 5,000 shares for approximately $918,000. Both trades were made under pre-arranged Rule 10b5-1 plans, limiting their value as a bearish signal, but they may modestly pressure sentiment.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vise Technologies Inc. raised its position in DoorDash by 1.8% during the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after purchasing an additional 63 shares in the last quarter. Washington Trust Advisors Inc. increased its position in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in shares of DoorDash by 2.7% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after purchasing an additional 67 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of DoorDash by 3.3% during the 1st quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after buying an additional 74 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in DoorDash by 8.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company’s stock worth $251,000 after buying an additional 82 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

About DoorDash

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.