DoorDash, Inc. (NASDAQ:DASH) Insider Keith Yandell Sells 6,554 Shares

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 6,554 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $706,193.50. Following the transaction, the insider now directly owns 155,097 shares of the company’s stock, valued at approximately $16,711,701.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, June 5th, Keith Yandell sold 12,088 shares of DoorDash stock. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92.

DoorDash Trading Up 0.2 %

DASH opened at $107.62 on Thursday. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The business’s 50-day simple moving average is $114.41 and its 200-day simple moving average is $117.37.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company posted ($0.41) earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, analysts expect that DoorDash, Inc. will post 0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup boosted their price objective on DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Roth Mkm cut their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Oppenheimer raised their price objective on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Benchmark cut their target price on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada reduced their target price on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $134.79.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after acquiring an additional 3,425,115 shares during the last quarter. Norges Bank purchased a new stake in shares of DoorDash in the 4th quarter valued at about $264,806,000. Vanguard Group Inc. boosted its position in shares of DoorDash by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after purchasing an additional 2,259,976 shares during the period. Franklin Resources Inc. grew its stake in DoorDash by 294.5% during the 4th quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after buying an additional 1,200,181 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in DoorDash by 1,725.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after buying an additional 1,052,198 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

About DoorDash

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.