Tia Sherringham Sells 12,088 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $2,068,785.54.

DoorDash Stock Performance

Shares of DASH opened at $191.27 on Wednesday. The company has a market capitalization of $80.35 billion, a P/E ratio of 708.41 and a beta of 1.72. The business’s 50-day moving average is $183.18 and its two-hundred day moving average is $162.29. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24.

Analysts Set New Price Targets

DASH has been the topic of a number of research analyst reports. Wolfe Research upped their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Oppenheimer increased their price objective on DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Wedbush upped their target price on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Bank of America lifted their price target on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DASH. Rakuten Securities Inc. increased its holdings in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC purchased a new position in shares of DoorDash during the 4th quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the 4th quarter valued at $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash in the 4th quarter worth $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

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.