Insider Selling: DoorDash (NASDAQ:DASH) Insider Sells 2,184 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 2,184 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $200.76, for a total value of $438,459.84. Following the completion of the sale, the insider directly owned 120,688 shares of the company’s stock, valued at approximately $24,229,322.88. The trade was a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Trading Up 0.5%

Shares of DASH traded up $0.89 during mid-day trading on Monday, reaching $193.83. 4,820,945 shares of the company were exchanged, compared to its average volume of 4,679,675. The business has a 50 day simple moving average of $205.78 and a two-hundred day simple moving average of $180.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $83.99 billion, a PE ratio of 101.48 and a beta of 1.79. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its 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). The company 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 business’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC increased its position in shares of DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after purchasing an additional 60 shares during the last quarter. Vise Technologies Inc. boosted its holdings in shares of DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after buying an additional 63 shares during the last quarter. Washington Trust Advisors Inc. boosted its holdings in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after buying an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in DoorDash by 2.7% during the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after buying an additional 67 shares during the period. Finally, AXS Investments LLC grew its position in DoorDash by 1.3% during the fourth quarter. AXS Investments LLC now owns 5,438 shares of the company’s stock valued at $1,232,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash was named the official on-demand delivery partner across North America, a potentially meaningful expansion of its role in delivery services and a positive signal for order volume and partner reach. DoorDash becomes official on-demand delivery partner
• Positive Sentiment: A new partnership with Costco is expected to broaden DoorDash’s delivery assortment and could support incremental grocery and retail orders. Costco expands delivery options through DoorDash partnership
• Positive Sentiment: DoorDash and Borderlands Produce Rescue reportedly delivered 25,000 orders in Arizona, highlighting community initiatives and the platform’s local delivery capacity, though the direct financial impact appears limited. Borderlands Produce Rescue and DoorDash deliver 25,000 orders
• Neutral Sentiment: DoorDash recognized two Oregon coffee shops among the best in the United States, providing brand visibility but likely having little effect on revenue or near-term earnings. DoorDash names Oregon coffee shops among the best in the U.S.
• Negative Sentiment: Multiple reports say an Austin DoorDash driver was shot and wounded by an ICE agent while making a delivery and was subsequently placed in custody. The incident could create reputational, driver-safety and potential legal risks for DoorDash, although the reports do not indicate that the company caused the shooting. Austin DoorDash driver shooting details

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DASH shares. Wells Fargo & Company increased their price objective on shares of DoorDash from $199.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price target on shares of DoorDash in a report on Thursday, August 6th. Argus set a $190.00 price objective on DoorDash in a research report on Thursday, June 11th. Barclays downgraded DoorDash from an “equal weight” rating to a “strong sell” rating in a research note on Monday, August 24th. Finally, Citigroup restated a “market outperform” rating on shares of DoorDash in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.47.

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.