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

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 3rd, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $244.39, for a total value of $11,097,749.90.
• On Wednesday, October 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $268.23, for a total value of $12,180,324.30.

DoorDash Trading Up 2.5%

DASH traded up $5.50 during trading on Wednesday, hitting $222.48. 7,353,261 shares of the company’s stock were exchanged, compared to its average volume of 4,652,457. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The stock has a 50 day moving average price of $239.62 and a 200 day moving average price of $238.96. The firm has a market cap of $95.89 billion, a P/E ratio of 112.93 and a beta of 1.72. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the business posted $0.38 EPS. DoorDash’s quarterly revenue was up 27.3% compared to the same quarter last year. As a group, analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its position in DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of DoorDash by 3.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock valued at $334,000 after buying an additional 42 shares during the period. Premier Path Wealth Partners LLC grew its holdings in shares of DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after acquiring an additional 45 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of DoorDash by 1.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after acquiring an additional 46 shares in the last quarter. Finally, Advisory Resource Group increased its stake in shares of DoorDash by 0.8% in the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after acquiring an additional 48 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DASH shares. Zacks Research lowered shares of DoorDash from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. DA Davidson reissued a “neutral” rating and issued a $260.00 price objective on shares of DoorDash in a report on Thursday, November 6th. BTIG Research reaffirmed a “buy” rating and set a $315.00 target price on shares of DoorDash in a report on Thursday, November 6th. Jefferies Financial Group upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. dropped their price target on DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $275.62.

DoorDash Company Profile

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.