DoorDash (NASDAQ:DASH) Director Sells $476,539.20 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 2,160 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $476,539.20. Following the completion of the transaction, the director directly owned 38,058 shares in the company, valued at approximately $8,396,355.96. The trade was a 5.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 24th, Stanley Tang sold 10,134 shares of DoorDash stock. The shares were sold at an average price of $225.00, for a total value of $2,280,150.00.
• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The shares were sold at an average price of $225.16, for a total value of $16,294,153.72.
• On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total value of $2,249,775.00.
• On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The shares were sold at an average price of $200.63, for a total transaction of $13,581,246.59.
• On Thursday, July 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The shares were sold at an average price of $191.19, for a total transaction of $4,421,268.75.

DoorDash Price Performance

NASDAQ DASH opened at $236.93 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $102.66 billion, a PE ratio of 124.05 and a beta of 1.78. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a 50 day moving average price of $196.67 and a two-hundred day moving average price of $176.04.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities analysts predict that DoorDash, Inc. will post 2.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. Brighton Jones LLC grew its stake in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the period. Integrated Wealth Concepts LLC boosted its stake in DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after buying an additional 303 shares in the last quarter. Empowered Funds LLC boosted its stake in DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after buying an additional 285 shares in the last quarter. Sivia Capital Partners LLC grew its position in DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in DoorDash in the second quarter valued at $222,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research analyst reports. Barclays lowered DoorDash from an “equal weight” rating to a “strong sell” rating in a report on Monday. Wedbush increased their price objective on DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of DoorDash in a research note on Thursday, August 6th. Guggenheim reaffirmed a “buy” rating and set a $255.00 target price on shares of DoorDash in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash added Kohl’s, Barnes & Noble and Carter’s to its retail delivery offerings, expanding access to roughly 500,000 additional products ahead of the back-to-school season. The move supports DoorDash’s strategy of becoming a broader on-demand commerce platform and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football promotions, including rewards, gift-card incentives, DashPass benefits and contests featuring prizes such as a Dodge Charger. The campaign could improve brand engagement and stimulate food-delivery demand during the football season, though its revenue impact was not quantified. DoorDash college football rewards program
• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company scaling manufacturing. The investment offers a longer-term opportunity to improve delivery speed and efficiency, although it is not expected to materially affect near-term earnings. Airbound raises funding from DoorDash and others
• Neutral Sentiment: DoorDash reported that pecan orders rose 28% as restaurants introduce fall menus earlier. The data highlights seasonal consumer demand and provides marketing value, but does not represent company financial guidance. DoorDash fall flavor data
• Negative Sentiment: Several insiders disclosed sales, including CEO Tony Xu’s sale of 33,334 shares for approximately $7.67 million and director Stanley Tang’s sale of 10,134 shares for about $2.28 million. The general counsel and chief accounting officer also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the size of the CEO’s position reduction may concern investors. DoorDash insider selling

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.