Tia Sherringham Sells 2,743 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total transaction of $441,046.97. Following the completion of the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Trading Down 0.6%

Shares of DASH opened at $156.70 on Friday. 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 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $162.32 and its 200-day moving average price is $187.51. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 74.62 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. DoorDash’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Sell-side analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash announced a partnership with Dollar Tree to offer on-demand delivery from more than 9,000 stores across 48 states, adding a large retail network and potentially boosting order volume and platform relevance. DoorDash and Dollar Tree Partner to Bring Greater Value and Thrill of the Hunt Discovery On-Demand
• Positive Sentiment: Investor sentiment may also be helped by commentary framing DoorDash as a beneficiary of intensifying food-delivery competition and long-term market share gains, suggesting the stock could have upside if it continues to expand its ecosystem. The Food Delivery War Just Entered Its Final Phase
• Neutral Sentiment: DoorDash also received promotional attention from articles highlighting marketing tie-ins, such as free-broom giveaways in New York and a FIFA/fandom theme, which may boost brand visibility but are unlikely to materially change fundamentals. DoorDash Offers Free Brooms in NYC After Knicks Sweep Cavs in NBA Playoffs DoorDash, FIFA And The New Convenience Playbook For The Age Of Fandom
• Negative Sentiment: Recent insider selling by senior executives, including the chief operating officer and general counsel, may create some caution, although both trades were made under pre-arranged Rule 10b5-1 plans and do not necessarily signal a change in business outlook. COO Prabir Adarkar SEC filing General Counsel Tia Sherringham SEC filing

Institutional Investors Weigh In On DoorDash

A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of DoorDash by 5.0% in the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after purchasing an additional 22,944 shares during the last quarter. Caprock Group LLC bought a new position in shares of DoorDash during the 3rd quarter valued at approximately $3,169,000. Vaughan Nelson Investment Management L.P. purchased a new stake in DoorDash during the 4th quarter valued at $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in DoorDash by 7.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock worth $219,276,000 after buying an additional 53,722 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its stake in DoorDash by 136.6% during the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock worth $11,520,000 after buying an additional 24,454 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent research reports. Wells Fargo & Company upped their price target on DoorDash from $198.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Oppenheimer dropped their price objective on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a research note on Wednesday, April 15th. Sanford C. Bernstein dropped their price target on DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Finally, KeyCorp raised their price objective on DoorDash from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $259.58.

About DoorDash

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.