Insider Selling: DoorDash, Inc. (NASDAQ:DASH) Insider Sells 8,116 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 8,116 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares in the company, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, December 6th, Keith Yandell sold 4,474 shares of DoorDash stock. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64.

DoorDash Trading Down 2.0 %

DoorDash stock traded down $4.07 during midday trading on Monday, reaching $195.87. The stock had a trading volume of 3,366,491 shares, compared to its average volume of 3,432,282. The company has a fifty day moving average price of $182.56 and a two-hundred day moving average price of $161.31. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The company has a market capitalization of $82.28 billion, a P/E ratio of 725.44 and a beta of 1.72.

Analyst Ratings Changes

Several equities analysts have recently commented on DASH shares. Cantor Fitzgerald boosted their target price on shares of DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Loop Capital boosted their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday. Roth Mkm lifted their price target on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley boosted their price target on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Wolfe Research raised their price objective on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after purchasing an additional 317,502 shares during the period. Baillie Gifford & Co. lifted its stake in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Capital World Investors lifted its holdings in shares of DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. State Street Corp lifted its holdings in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after purchasing an additional 272,659 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after buying an additional 700,465 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

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.