DoorDash, Inc. (NASDAQ:DASH) Director Sells $8,228,746.10 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at $3,313,424.85. This trade represents a 71.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

DoorDash Trading Down 6.2 %

Shares of NASDAQ DASH opened at $163.16 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm has a market capitalization of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69. The firm has a 50 day moving average of $191.90 and a 200 day moving average of $173.46.

Wall Street Analysts Forecast Growth

DASH has been the topic of several research analyst reports. Barclays boosted their price target on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Roth Mkm increased their target price on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Wedbush lifted their price target on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Mizuho increased their price objective on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, UBS Group boosted their target price on shares of DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Ten equities research 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, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $207.29.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Versant Capital Management Inc grew its holdings in DoorDash by 185.6% during the first quarter. Versant Capital Management Inc now owns 2,570 shares of the company’s stock valued at $470,000 after purchasing an additional 1,670 shares during the period. Kera Capital Partners Inc. grew its stake in shares of DoorDash by 28.4% during the 1st quarter. Kera Capital Partners Inc. now owns 1,804 shares of the company’s stock valued at $330,000 after acquiring an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in DoorDash by 80.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 492 shares of the company’s stock worth $90,000 after acquiring an additional 220 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in DoorDash by 234.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,990 shares of the company’s stock worth $6,541,000 after acquiring an additional 27,330 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in DoorDash during the fourth quarter valued at approximately $16,876,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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.