Insider Selling: DoorDash (NASDAQ:DASH) Director Sells 23,125 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 23,125 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $188.71, for a total transaction of $4,363,918.75. Following the completion of the transaction, the director directly owned 10,361 shares in the company, valued at approximately $1,955,224.31. The trade was a 69.06% decrease in their position. The transaction 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.

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

• On Friday, October 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The shares were sold at an average price of $186.19, for a total value of $4,305,643.75.
• On Wednesday, September 2nd, Stanley Tang sold 30,835 shares of DoorDash stock. The stock was sold at an average price of $225.98, for a total value of $6,968,093.30.
• On Monday, August 24th, Stanley Tang sold 10,134 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total value of $2,280,150.00.
• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The shares were sold at an average price of $225.16, for a total value 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.

DoorDash Price Performance

DASH stock traded up $15.32 during midday trading on Wednesday, reaching $198.64. The company had a trading volume of 7,878,067 shares, compared to its average volume of 4,657,179. The firm has a 50-day moving average price of $196.26 and a 200-day moving average price of $182.83. The company has a market capitalization of $86.07 billion, a P/E ratio of 82.08 and a beta of 1.98. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $241.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.40%. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the company posted $0.55 EPS. The business’s quarterly revenue was up 34.0% on a year-over-year basis. On average, research analysts anticipate that DoorDash, Inc. will post 2.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

Large investors have recently bought and sold shares of the stock. Fairscale Capital LLC increased its stake in shares of DoorDash by 128.6% in the third quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock worth $25,000 after buying an additional 81 shares during the period. Washington Trust Advisors Inc. boosted its position in DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares during the period. Activest Wealth Management grew its holdings in DoorDash by 892.9% in the 3rd quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. City State Bank grew its holdings in DoorDash by 56.0% in the 3rd quarter. City State Bank now owns 156 shares of the company’s stock worth $29,000 after acquiring an additional 56 shares during the last quarter. Finally, Signature Equity Partners LLC increased its position in shares of DoorDash by 213.5% in the third quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock valued at $30,000 after acquiring an additional 111 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DASH. JPMorgan Chase & Co. lifted their price target on DoorDash from $250.00 to $262.00 in a research note on Wednesday, August 5th. Citigroup reissued a “market outperform” rating on shares of DoorDash in a report on Friday, October 30th. Barclays dropped their target price on DoorDash from $230.00 to $205.00 and set an “equal weight” rating for the company in a research report on Friday, October 30th. Roth Capital upped their target price on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Piper Sandler reiterated a “neutral” rating and set a $220.00 price target (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.88.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s third-quarter results beat estimates: earnings were $1.06 per share versus $0.81 expected, while revenue of $4.62 billion topped the $4.56 billion consensus and rose 34% year over year. Strong marketplace demand and grocery expansion helped support growth. DASH Q3 Earnings Call Focuses on Instacart Deal and Grocery Expansion
• Positive Sentiment: The planned Instacart deal could expand DoorDash’s grocery reach and create operating synergies, contributing to investor optimism. The shares also benefited from strength across the delivery sector after Uber highlighted robust delivery performance. Uber Climbs 7% Despite Soft Profit Outlook as Delivery Strength Shines
• Neutral Sentiment: The $17 billion acquisition is drawing attention across the grocery industry and could reshape competition, but its eventual impact will depend on integration and execution. What the DoorDash-Instacart tie-up means for the grocery industry
• Negative Sentiment: Regulatory scrutiny is a potential risk: reports say the FTC is examining DoorDash’s pricing and Dasher pay following the Instacart announcement. A separate report also noted an analyst downgrade, which may temper enthusiasm. FTC Turns to DoorDash’s Pricing and Dasher Pay

About DoorDash

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.