DoorDash, Inc. (NYSE:DASH – Get Rating) CAO Gordon S. Lee sold 2,070 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $58.37, for a total value of $120,825.90. Following the completion of the transaction, the chief accounting officer now owns 87,833 shares in the company, valued at approximately $5,126,812.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
DoorDash Stock Performance
NYSE:DASH traded up $1.36 during mid-day trading on Thursday, hitting $55.28. 3,180,198 shares of the company's stock traded hands, compared to its average volume of 5,384,944. The firm's 50 day simple moving average is $55.56 and its 200 day simple moving average is $55.43. DoorDash, Inc. has a 1 year low of $41.37 and a 1 year high of $130.20. The company has a market cap of $21.46 billion, a PE ratio of -15.27 and a beta of 1.45.
Get DoorDash alerts:Hedge Funds Weigh In On DoorDash
Several hedge funds have recently added to or reduced their stakes in DASH. Natixis boosted its stake in shares of DoorDash by 393.1% during the 4th quarter. Natixis now owns 180,001 shares of the company's stock worth $8,788,000 after purchasing an additional 143,500 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of DoorDash by 34.2% during the 4th quarter. Macquarie Group Ltd. now owns 5,298 shares of the company's stock worth $259,000 after purchasing an additional 1,350 shares during the last quarter. National Pension Service boosted its stake in shares of DoorDash by 19.2% during the 4th quarter. National Pension Service now owns 394,320 shares of the company's stock worth $19,251,000 after purchasing an additional 63,511 shares during the last quarter. CoreView Capital Management Ltd boosted its stake in shares of DoorDash by 234.0% during the 4th quarter. CoreView Capital Management Ltd now owns 347,700 shares of the company's stock worth $16,975,000 after purchasing an additional 243,595 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of DoorDash by 2.3% during the 4th quarter. Alliancebernstein L.P. now owns 128,053 shares of the company's stock worth $6,252,000 after purchasing an additional 2,853 shares during the last quarter. 72.65% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
DASH has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of DoorDash from $71.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, February 17th. The Goldman Sachs Group cut their price objective on shares of DoorDash from $84.00 to $69.00 and set a "neutral" rating for the company in a research report on Monday, November 7th. Needham & Company LLC upped their price objective on shares of DoorDash from $75.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, February 17th. Piper Sandler downgraded shares of DoorDash from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $227.00 to $40.00 in a research report on Monday, January 9th. Finally, Royal Bank of Canada downgraded shares of DoorDash from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $70.00 to $60.00 in a research report on Friday, December 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $80.95.
About DoorDash
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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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