DoorDash, Inc. (NYSE:DASH – Free Report) insider Keith Yandell sold 3,500 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $76.74, for a total transaction of $268,590.00. Following the transaction, the insider now directly owns 237,405 shares of the company’s stock, valued at approximately $18,218,459.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Keith Yandell also recently made the following trade(s):
- On Thursday, June 8th, Keith Yandell sold 3,500 shares of DoorDash stock. The stock was sold at an average price of $69.17, for a total transaction of $242,095.00.
- On Monday, May 22nd, Keith Yandell sold 9,172 shares of DoorDash stock. The shares were sold at an average price of $66.88, for a total transaction of $613,423.36.
DoorDash Stock Up 1.2 %
DoorDash stock opened at $77.95 on Friday. The firm has a market capitalization of $30.29 billion, a P/E ratio of -21.96 and a beta of 1.57. DoorDash, Inc. has a 52-week low of $41.37 and a 52-week high of $87.00. The firm has a fifty day moving average of $69.79 and a 200-day moving average of $61.63.
Wall Street Analysts Forecast Growth
DASH has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on shares of DoorDash in a research report on Wednesday, June 7th. They issued an “equal weight” rating and a $70.00 price target for the company. Roth Mkm initiated coverage on shares of DoorDash in a research report on Friday, April 21st. They issued a “neutral” rating on the stock. Bank of America increased their price target on shares of DoorDash from $80.00 to $82.00 in a research note on Friday, May 5th. Wedbush initiated coverage on shares of DoorDash in a research note on Monday, June 5th. They set a “neutral” rating and a $75.00 price target on the stock. Finally, UBS Group increased their price target on shares of DoorDash from $68.00 to $70.00 in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $75.48.
Hedge Funds Weigh In On DoorDash
Several large investors have recently bought and sold shares of DASH. Vanguard Group Inc. increased its stake in DoorDash by 42.8% during the 3rd quarter. Vanguard Group Inc. now owns 25,013,265 shares of the company’s stock valued at $1,236,906,000 after buying an additional 7,495,795 shares during the period. Norges Bank acquired a new position in DoorDash during the 4th quarter valued at about $132,721,000. Amundi increased its stake in DoorDash by 1,801.6% during the 4th quarter. Amundi now owns 1,797,416 shares of the company’s stock valued at $93,106,000 after buying an additional 1,702,894 shares during the period. Himension Capital Singapore PTE. LTD. increased its stake in DoorDash by 35.8% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 5,848,641 shares of the company’s stock valued at $371,740,000 after buying an additional 1,540,637 shares during the period. Finally, State Street Corp increased its stake in DoorDash by 49.4% during the 2nd quarter. State Street Corp now owns 4,358,288 shares of the company’s stock valued at $279,671,000 after buying an additional 1,441,028 shares during the period. Institutional investors and hedge funds own 75.09% of the company’s stock.
About DoorDash
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, 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; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
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