DoorDash, Inc. (NYSE:DASH – Get Rating) Director Stanley Tang sold 4,028 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $64.54, for a total value of $259,967.12. Following the transaction, the director now owns 49,285 shares of the company’s stock, valued at approximately $3,180,853.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 29th, Stanley Tang sold 80,000 shares of DoorDash stock. The shares were sold at an average price of $120.17, for a total value of $9,613,600.00.

Shares of DASH stock traded down $5.15 on Tuesday, reaching $62.66. 5,136,794 shares of the company’s stock traded hands, compared to its average volume of 6,054,619. DoorDash, Inc. has a 12-month low of $57.60 and a 12-month high of $257.25. The company has a market capitalization of $22.01 billion, a P/E ratio of -40.95 and a beta of 1.02. The business’s 50 day moving average price is $94.00 and its two-hundred day moving average price is $122.70.

DoorDash (NYSE:DASH – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.08). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company earned ($0.34) EPS. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities research analysts expect that DoorDash, Inc. will post -1.52 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Capital Research Global Investors grew its stake in DoorDash by 82.6% in the fourth quarter. Capital Research Global Investors now owns 9,006,254 shares of the company’s stock valued at $1,341,031,000 after purchasing an additional 4,074,501 shares in the last quarter. Hhlr Advisors LTD. grew its stake in DoorDash by 199.4% in the first quarter. Hhlr Advisors LTD. now owns 3,881,700 shares of the company’s stock valued at $454,896,000 after purchasing an additional 2,585,400 shares in the last quarter. VK Services LLC purchased a new position in DoorDash in the third quarter valued at about $423,300,000. Coatue Management LLC grew its stake in DoorDash by 80.0% in the first quarter. Coatue Management LLC now owns 5,280,472 shares of the company’s stock valued at $618,819,000 after purchasing an additional 2,347,602 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in DoorDash by 18.8% in the first quarter. Vanguard Group Inc. now owns 12,862,889 shares of the company’s stock valued at $1,507,402,000 after purchasing an additional 2,032,637 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DASH has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on DoorDash from $175.00 to $162.00 and set a “neutral” rating on the stock in a research note on Thursday, February 17th. Susquehanna cut their target price on DoorDash from $145.00 to $100.00 in a research note on Friday, May 6th. Needham & Company LLC cut their target price on DoorDash from $160.00 to $140.00 in a research note on Friday, May 6th. DA Davidson dropped their price objective on DoorDash from $210.00 to $135.00 in a research note on Friday, February 18th. Finally, Wolfe Research dropped their price objective on DoorDash from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Thursday, February 17th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Buy” and a consensus price target of $159.52.

About DoorDash (Get Rating)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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