DoorDash, Inc. (NASDAQ:DASH) Insider Keith Yandell Sells 8,116 Shares

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 8,116 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 $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Keith Yandell also recently made the following trade(s):

• On Friday, December 6th, Keith Yandell sold 4,474 shares of DoorDash stock. The stock was sold at an average price of $177.36, for a total value of $793,508.64.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $191.27 on Wednesday. The company has a 50 day simple moving average of $183.18 and a 200 day simple moving average of $162.29. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The firm has a market cap of $80.35 billion, a PE ratio of 708.41 and a beta of 1.72.

Analysts Set New Price Targets

Several research firms recently commented on DASH. Evercore ISI upped their price target on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Barclays boosted their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Susquehanna raised their price objective on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research note on Thursday, February 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.52.

Hedge Funds Weigh In On DoorDash

Large investors have recently modified their holdings of the business. Rakuten Securities Inc. grew its stake in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash in the 4th quarter valued at about $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DoorDash during the fourth quarter worth about $36,000. Institutional investors own 90.64% of the company’s stock.

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.