Insider Selling: DoorDash (NASDAQ:DASH) Director Sells $918,450.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $918,450.00. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andy Fang also recently made the following trade(s):

• On Tuesday, September 1st, Andy Fang sold 15,000 shares of DoorDash stock. The stock was sold at an average price of $228.31, for a total transaction of $3,424,650.00.

DoorDash Price Performance

DASH opened at $191.24 on Thursday. The stock has a market cap of $82.86 billion, a price-to-earnings ratio of 100.13 and a beta of 1.90. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $206.67 and a 200 day moving average price of $182.28.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Analysts forecast that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Guggenheim reissued a “buy” rating and issued a $255.00 target price on shares of DoorDash in a research report on Tuesday, June 23rd. Raymond James Financial restated a “buy” rating on shares of DoorDash in a report on Thursday, September 3rd. Susquehanna lifted their price objective on shares of DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Scotiabank started coverage on shares of DoorDash in a report on Wednesday, September 9th. They issued a “sector outperform” rating and a $275.00 price objective for the company. Finally, Wedbush increased their target price on shares of DoorDash from $205.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.61.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: AI and drone delivery initiatives: CEO Tony Xu said AI agents could increase demand for human labor, while DoorDash unveiled its own delivery drone with Chipotle and Popeyes as launch partners. These developments support the company’s technology strategy and could eventually improve delivery capacity and margins. DoorDash’s Tony Xu says AI agents will increase demand for human labour DoorDash Unveils Its Own Delivery Drone
• Positive Sentiment: Marketplace expansion: Costco delivery launched on DoorDash across Canada, broadening DASH’s grocery and retail offering and potentially increasing order volume and customer engagement. Costco Delivery Launches on DoorDash Across Canada
• Neutral Sentiment: Brand and product strategy coverage: Reports about DoorDash’s viral advertising agency being sold and the company encouraging customers to use alternatives to its food-ordering app may reflect broader marketing and commerce initiatives, but no immediate earnings impact was provided. Brands are fleeing TV for social
• Negative Sentiment: Service outages: Downdetector reports indicated that thousands of users experienced DoorDash login, ordering or app-access problems. Persistent reliability issues could reduce orders, frustrate customers and raise support costs. DoorDash Down for Thousands of Users
• Negative Sentiment: Insider selling: Director Stanley Tang sold 23,125 shares worth about $4.3 million, while COO Keith Yandell sold 2,183 shares and director Andy Fang sold 5,000 shares. The trades were made under preset Rule 10b5-1 plans, limiting their bearish significance, but the clustered sales may weigh on sentiment.
• Negative Sentiment: Customer-fraud incident: A reported scam involved someone impersonating DoorDash support and attempting to charge a customer’s payment card. Although the incident does not establish wrongdoing by DoorDash, it highlights potential fraud and customer-trust risks. DoorDash customer thinks she’s getting a $200 credit

Hedge Funds Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. boosted its holdings in shares of DoorDash by 1.8% in the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after buying an additional 63 shares during the period. Washington Trust Advisors Inc. raised its holdings in shares of DoorDash by 81.0% during the second 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 period. Premier Path Wealth Partners LLC raised its holdings in shares of DoorDash by 2.7% during the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after acquiring an additional 67 shares during the period. V Square Quantitative Management LLC lifted its position in DoorDash by 3.3% in the 1st quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after acquiring an additional 74 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in DoorDash by 8.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company’s stock valued at $251,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

About DoorDash

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.