Tia Sherringham Sells 12,088 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tia Sherringham also recently made the following trade(s):

• On Monday, December 2nd, Tia Sherringham sold 11,694 shares of DoorDash stock. The stock was sold at an average price of $176.91, for a total value of $2,068,785.54.

DoorDash Stock Down 2.0 %

DASH stock traded down $4.07 during trading on Monday, hitting $195.87. 3,366,324 shares of the company’s stock traded hands, compared to its average volume of 3,432,195. The stock 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 52 week low of $99.32 and a 52 week high of $215.24. The stock has a market capitalization of $82.28 billion, a price-to-earnings ratio of 725.44 and a beta of 1.72.

Institutional Trading of DoorDash

Hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. increased its position in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new stake in DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC acquired a new position in DoorDash during the 4th quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of DoorDash during the fourth quarter valued at $36,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DASH shares. Bank of America boosted their price target on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Susquehanna increased their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Evercore ISI lifted their price target on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. DA Davidson raised their target price on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Wolfe Research lifted their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $206.52.

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.