DoorDash, Inc. (NASDAQ:DASH) General Counsel Sells $2,459,303.60 in Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,088 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 2nd, Tia Sherringham sold 11,694 shares of DoorDash stock. The stock was sold at an average price of $176.91, for a total value of $2,068,785.54.

DoorDash Trading Down 2.0 %

DoorDash stock opened at $195.87 on Tuesday. The stock has a 50-day moving average price of $182.89 and a two-hundred day moving average price of $161.81. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The company has a market capitalization of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent research reports. Benchmark raised their price target on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on shares of DoorDash from $155.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Needham & Company LLC lifted their price target on shares of DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Piper Sandler reiterated a “neutral” rating and issued a $210.00 price target (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. lifted its holdings in shares of DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares during the period. Swedbank AB raised its position in DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares during the last quarter. Forsta AP Fonden raised its position in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in 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 buying an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during 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.