Insider Selling: DoorDash, Inc. (NASDAQ:DASH) General Counsel Sells 11,694 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 11,694 shares of DoorDash stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $176.91, for a total transaction of $2,068,785.54. Following the sale, the general counsel now directly owns 134,223 shares in the company, valued at approximately $23,745,390.93. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tia Sherringham also recently made the following trade(s):

• On Wednesday, November 20th, Tia Sherringham sold 12,950 shares of DoorDash stock. The stock was sold at an average price of $169.98, for a total value of $2,201,241.00.

DoorDash Price Performance

NASDAQ:DASH traded up $0.79 during midday trading on Wednesday, reaching $176.88. The stock had a trading volume of 2,227,870 shares, compared to its average volume of 3,762,063. DoorDash, Inc. has a 1-year low of $93.33 and a 1-year high of $181.30. The firm’s fifty day simple moving average is $159.54 and its 200-day simple moving average is $132.14. The stock has a market capitalization of $73.48 billion, a P/E ratio of -394.67, a PEG ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.19) EPS. On average, equities research analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DASH shares. Jefferies Financial Group raised their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer boosted their price target on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Barclays raised their price objective on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Loop Capital raised their price objective on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Raymond James initiated coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.06.

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in shares of DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares during the period. Tri Ri Asset Management Corp acquired a new stake in shares of DoorDash during the 3rd quarter worth about $6,250,000. Tidal Investments LLC increased its position in shares of DoorDash by 19.9% during the 3rd quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock worth $1,759,000 after purchasing an additional 2,049 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of DoorDash during the 3rd quarter worth about $1,109,000. Finally, Sanctuary Advisors LLC increased its position in shares of DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after purchasing an additional 3,498 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.