Stanley Tang Sells 2,160 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 2,160 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $476,539.20. Following the completion of the transaction, the director directly owned 38,058 shares in the company, valued at $8,396,355.96. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The shares were sold at an average price of $225.16, for a total value of $16,294,153.72.
• On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The shares were sold at an average price of $225.00, for a total value of $2,249,775.00.
• On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The stock was sold at an average price of $200.63, for a total value of $13,581,246.59.
• On Thursday, July 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The stock was sold at an average price of $191.19, for a total value of $4,421,268.75.

DoorDash Stock Performance

DoorDash stock opened at $233.50 on Wednesday. The company has a market cap of $101.18 billion, a price-to-earnings ratio of 122.25 and a beta of 1.78. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s 50-day moving average is $195.24 and its 200-day moving average is $175.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Equities analysts anticipate that DoorDash, Inc. will post 2.46 earnings per share for the current year.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash participated in Airbound’s $37 million funding round. Airbound is developing delivery drones and will use the capital to expand manufacturing, potentially giving DoorDash access to technology that could improve delivery speed and long-term delivery economics. The investment is a strategic, rather than near-term earnings, catalyst. Airbound funding article
• Positive Sentiment: DoorDash launched a season-long college football rewards program and a related campaign featuring Reggie Bush, Jameis Winston and Lane Kiffin. The promotions could increase brand awareness, customer engagement and order volume during the football season, although no financial targets were provided. College football rewards program
• Positive Sentiment: Analyst sentiment remains favorable: the consensus rating is “Moderate Buy,” with a reported average price target of $254.53. TD Cowen, Truist Financial and Susquehanna recently raised their targets, reinforcing expectations for continued growth. DoorDash’s latest revenue rose 35.6% year over year to $4.45 billion, exceeding estimates, despite a slight earnings-per-share miss. DoorDash analyst and trading coverage
• Neutral Sentiment: COO Prabir Adarkar and director Stanley Tang reported multiple stock sales totaling approximately $22.8 million. The transactions were made under a pre-arranged Rule 10b5-1 plan and to cover tax withholding on vested equity awards, reducing their bearish significance, though the size of the sales may draw investor attention. DoorDash insider transaction filings
• Neutral Sentiment: Reported short-interest data shows zero shares and a zero-day days-to-cover ratio, but the stated “increase” is mathematically unavailable because both periods reported zero shares. The data therefore offers no meaningful short-squeeze or short-selling signal.

Wall Street Analyst Weigh In

DASH has been the subject of several recent research reports. Susquehanna increased their price objective on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Piper Sandler restated a “neutral” rating and set a $220.00 target price (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Barclays cut shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday. Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Roth Capital raised their price objective on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Twenty-three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $254.53.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DASH. Brighton Jones LLC grew its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after buying an additional 303 shares in the last quarter. Empowered Funds LLC boosted its position in DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC boosted its position in DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after buying an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of DoorDash during the second quarter valued at about $222,000. 90.64% of the stock is owned by institutional investors and hedge funds.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.