Keith Yandell Sells 3,500 Shares of DoorDash, Inc. (NYSE:DASH) Stock

DoorDash, Inc. (NYSE:DASHGet Free Report) insider Keith Yandell sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the completion of the transaction, the insider now directly owns 179,350 shares in the company, valued at $18,812,021.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

DoorDash Stock Performance

NYSE DASH traded down $1.38 on Monday, reaching $108.12. 2,382,943 shares of the company were exchanged, compared to its average volume of 3,134,035. The business’s fifty day moving average price is $101.21 and its 200 day moving average price is $88.74. DoorDash, Inc. has a fifty-two week low of $51.50 and a fifty-two week high of $110.49.

Hedge Funds Weigh In On DoorDash

Large investors have recently modified their holdings of the business. Versor Investments LP acquired a new position in shares of DoorDash in the 3rd quarter valued at $556,000. State of Alaska Department of Revenue lifted its stake in shares of DoorDash by 61.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 42,465 shares of the company’s stock valued at $3,245,000 after purchasing an additional 16,140 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of DoorDash in the 2nd quarter valued at $2,894,000. Simplicity Solutions LLC lifted its stake in shares of DoorDash by 11.5% in the 2nd quarter. Simplicity Solutions LLC now owns 4,090 shares of the company’s stock valued at $313,000 after purchasing an additional 422 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of DoorDash in the 2nd quarter valued at $15,220,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the topic of several research analyst reports. Jefferies Financial Group raised DoorDash from a “hold” rating to a “buy” rating and upped their price objective for the company from $90.00 to $130.00 in a research report on Monday, January 8th. TheStreet raised DoorDash from a “d” rating to a “c-” rating in a report on Friday, December 8th. Deutsche Bank Aktiengesellschaft initiated coverage on DoorDash in a report on Thursday, November 16th. They issued a “buy” rating and a $125.00 price objective on the stock. Wedbush raised their price objective on DoorDash from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, JMP Securities raised their price objective on DoorDash from $100.00 to $113.00 and gave the company a “market outperform” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.19.

Check Out Our Latest Report on DoorDash

DoorDash Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for DoorDash (NYSE:DASH)

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