DoorDash (NASDAQ:DASH) Director Sells $2,280,150.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 10,134 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $225.00, for a total transaction of $2,280,150.00. Following the sale, the director owned 10,361 shares of the company’s stock, valued at approximately $2,331,225. The trade was a 49.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The stock was sold at an average price of $225.16, for a total transaction of $16,294,153.72.
• On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The shares were sold at an average price of $225.00, for a total value of $2,249,775.00.
• On Thursday, August 20th, Stanley Tang sold 2,160 shares of DoorDash stock. The shares were sold at an average price of $220.62, for a total value of $476,539.20.
• On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The stock was sold at an average price of $200.63, for a total value 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 value of $4,421,268.75.

DoorDash Stock Up 2.1%

Shares of NASDAQ DASH opened at $236.74 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $102.58 billion, a PE ratio of 123.95 and a beta of 1.78. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The business’s fifty day moving average price is $199.10 and its 200-day moving average price is $176.81.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC boosted its position in shares of DoorDash by 1,052.5% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 11,836 shares of the company’s stock valued at $2,103,000 after acquiring an additional 10,809 shares during the last quarter. California State Teachers Retirement System lifted its position in DoorDash by 16,825.6% during the second quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock valued at $19,101,838,000 after purchasing an additional 102,904,566 shares during the last quarter. Greenland Capital Management LP purchased a new position in DoorDash in the 2nd quarter worth approximately $246,000. Washington Trust Advisors Inc. lifted its holdings in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after acquiring an additional 64 shares during the last quarter. Finally, HB Wealth Management LLC increased its stake in DoorDash by 1.9% in the second quarter. HB Wealth Management LLC now owns 7,584 shares of the company’s stock valued at $1,400,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

Analyst Ratings Changes

DASH has been the subject of a number of recent research reports. Cantor Fitzgerald lifted their price objective on shares of DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Benchmark reduced their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. KeyCorp decreased their price objective on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a report on Tuesday, May 12th. Finally, Argus set a $190.00 target price on DoorDash in a research note on Thursday, June 11th. Twenty-three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

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.