Tia Sherringham Sells 2,265 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 2,265 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $227.64, for a total transaction of $515,604.60. Following the sale, the general counsel owned 118,262 shares of the company’s stock, valued at approximately $26,921,161.68. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Performance

Shares of DASH stock opened at $231.89 on Friday. The company’s fifty day simple moving average is $197.83 and its 200-day simple moving average is $176.39. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week 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 company has a market cap of $100.48 billion, a PE ratio of 121.41 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted 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). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.46 EPS for the current year.

Wall Street Analyst Weigh In

DASH has been the subject of a number of recent research reports. Benchmark lowered their target price on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. DA Davidson reduced their price target on DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Barclays cut DoorDash from an “equal weight” rating to a “strong sell” rating in a report on Monday. Bank of America reaffirmed a “buy” rating on shares of DoorDash in a research report on Thursday, August 6th. Finally, Citigroup reissued a “market outperform” rating on shares of DoorDash in a research report on Monday. Twenty-three equities research 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. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $254.53.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash expanded its retail marketplace by adding Kohl’s, Barnes & Noble and Carter’s, bringing approximately 500,000 additional products to its platform ahead of the back-to-school season. The move supports DoorDash’s strategy to diversify beyond restaurant delivery and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football season promotions featuring rewards, gift-card offers, DashPass perks and prize contests. The campaign could strengthen customer engagement and support delivery demand, although no financial impact was provided. DoorDash college football promotion
• Neutral Sentiment: DoorDash reported that pecan orders increased 28% as restaurants rolled out fall menus earlier. The data illustrates seasonal demand and offers marketing exposure, but it is not company guidance or a material financial forecast. DoorDash fall flavor data
• Negative Sentiment: Several executives and directors disclosed stock sales: COO Prabir Adarkar sold 55,289 shares for about $12.8 million; CEO Tony Xu sold 33,334 shares for roughly $7.7 million; and Director Stanley Tang sold 10,134 shares for approximately $2.3 million. The general counsel and chief accounting officer also sold shares. All transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their value as a bearish signal, but the scale of the sales—particularly Xu’s sharply reduced ownership—could still weigh on sentiment. DoorDash insider sales

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System boosted its holdings in DoorDash by 16,825.6% in 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. Norges Bank purchased a new stake in DoorDash during the 4th quarter worth approximately $1,093,650,000. Wellington Management Group LLP increased its holdings in DoorDash by 593.1% during the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock worth $1,241,494,000 after purchasing an additional 4,690,744 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after purchasing an additional 3,447,754 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of DoorDash by 40.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after buying an additional 2,225,954 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.