DoorDash (NASDAQ:DASH) Stock: Insider Keith Yandell Sells 2,183 Shares

by · The Markets Daily

DoorDash, Inc. (NASDAQ:DASH – Get Free Report) COO Keith Yandell sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $400,995.27. Following the transaction, the chief operating officer directly owned 118,505 shares of the company’s stock, valued at $21,768,183.45. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Keith Yandell also recently made the following trade(s):

  • On Thursday, September 17th, Keith Yandell sold 2,184 shares of DoorDash stock. The stock was sold at an average price of $200.76, for a total transaction of $438,459.84.

DoorDash Price Performance

DoorDash stock traded up $2.62 during midday trading on Monday, hitting $191.77. The company’s stock had a trading volume of 2,920,213 shares, compared to its average volume of 4,685,410. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $83.09 billion, a PE ratio of 100.40 and a beta of 1.90. The stock’s 50-day moving average price is $206.60 and its 200-day moving average price is $181.70.

DoorDash (NASDAQ:DASH – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. Analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the topic of several research reports. Wedbush upped their price target on DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Wells Fargo & Company raised their price objective on DoorDash from $225.00 to $230.00 and gave the stock a “cautious” rating in a research note on Monday. Barclays lowered DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday, August 24th. Argus set a $190.00 price objective on DoorDash in a report on Thursday, June 11th. Finally, Rosenblatt Securities began coverage on shares of DoorDash in a research note on Tuesday, September 1st. They set a “buy” rating and a $270.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.61.

View Our Latest Stock Report on DASH

Hedge Funds Weigh In On DoorDash

Institutional investors and hedge funds have recently modified their holdings of the stock. JCP Investment Management LLC bought a new stake in shares of DoorDash in the 1st quarter valued at approximately $991,000. Plato Investment Management Ltd bought a new position in DoorDash during the second quarter valued at approximately $1,024,000. Quantinno Capital Management LP raised its position in DoorDash by 4.9% during the first quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock valued at $98,363,000 after acquiring an additional 30,881 shares in the last quarter. Dockside LLC acquired a new stake in DoorDash in the fourth quarter valued at approximately $2,315,000. Finally, Monetta Financial Services Inc. acquired a new stake in DoorDash in the second quarter valued at approximately $1,015,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

About DoorDash

(Get Free Report)

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

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