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.

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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