Keith Yandell Sells 5,509 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 5,509 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.24, for a total transaction of $970,906.16. Following the completion of the sale, the insider now owns 118,712 shares in the company, valued at approximately $20,921,802.88. The trade was a 4.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Keith Yandell also recently made the following trade(s):

• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40.
• On Wednesday, November 20th, Keith Yandell sold 7,980 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40.

DoorDash Price Performance

DASH stock opened at $178.44 on Thursday. DoorDash, Inc. has a 1-year low of $92.58 and a 1-year high of $181.30. The business has a 50-day moving average price of $155.55 and a 200 day moving average price of $129.97. The company has a market capitalization of $74.12 billion, a P/E ratio of -395.69, a PEG ratio of 13.77 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the business posted ($0.19) EPS. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of DoorDash

A number of hedge funds have recently bought and sold shares of DASH. Franklin Resources Inc. increased its holdings in shares of DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after acquiring an additional 501,905 shares during the period. Tri Ri Asset Management Corp bought a new stake in DoorDash during the third quarter valued at about $6,250,000. Tidal Investments LLC grew its stake in DoorDash by 19.9% in the third quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock valued at $1,759,000 after purchasing an additional 2,049 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in DoorDash in the third quarter worth about $1,109,000. Finally, Sanctuary Advisors LLC lifted its position in shares of DoorDash by 48.8% during the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group upped their price objective on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Truist Financial increased their price objective on shares of DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Oppenheimer boosted their target price on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Susquehanna upped their target price on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, Roth Mkm lifted their price target on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $166.06.

About DoorDash

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.