Andy Fang Sells 50,000 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $143.76, for a total transaction of $7,188,000.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at $2,600,474.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, October 14th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00.
  • On Thursday, September 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00.

DoorDash Stock Performance

Shares of DASH stock opened at $151.40 on Friday. The company has a market capitalization of $61.91 billion, a price-to-earnings ratio of -140.19, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. DoorDash, Inc. has a one year low of $69.90 and a one year high of $152.11. The company’s 50-day moving average is $134.69 and its 200 day moving average is $122.97.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company earned ($0.44) EPS. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, research analysts predict that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DASH shares. Wedbush restated a “neutral” rating and set a $115.00 target price on shares of DoorDash in a report on Friday, August 2nd. BMO Capital Markets raised their target price on shares of DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Needham & Company LLC upped their price target on shares of DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Piper Sandler reissued a “neutral” rating and set a $125.00 price target (up previously from $115.00) on shares of DoorDash in a research report on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.63.

Check Out Our Latest Stock Analysis on DoorDash

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DASH. Aaron Wealth Advisors LLC bought a new stake in DoorDash in the 3rd quarter worth about $300,000. V Square Quantitative Management LLC boosted its holdings in shares of DoorDash by 6.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 6,909 shares of the company’s stock valued at $986,000 after acquiring an additional 435 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of DoorDash by 47.3% in the third quarter. Bleakley Financial Group LLC now owns 7,324 shares of the company’s stock worth $1,045,000 after acquiring an additional 2,351 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of DoorDash by 65.5% during the third quarter. Vontobel Holding Ltd. now owns 11,645 shares of the company’s stock valued at $1,662,000 after purchasing an additional 4,607 shares during the last quarter. Finally, Swedbank AB lifted its position in DoorDash by 1.0% during the third quarter. Swedbank AB now owns 165,516 shares of the company’s stock valued at $23,624,000 after purchasing an additional 1,588 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.