Stock Traders Buy High Volume of DoorDash Put Options (NYSE:DASH)

DoorDash, Inc. (NYSE:DASHGet Rating) was the recipient of unusually large options trading on Monday. Traders acquired 47,647 put options on the stock. This represents an increase of 83% compared to the typical daily volume of 25,994 put options.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 4,076 shares of DoorDash stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $55.54, for a total transaction of $226,381.04. Following the transaction, the director now owns 31,217 shares in the company, valued at approximately $1,733,792.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Stanley Tang sold 4,076 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $55.54, for a total transaction of $226,381.04. Following the completion of the sale, the director now owns 31,217 shares of the company’s stock, valued at $1,733,792.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher D. Payne sold 47,093 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $53.43, for a total transaction of $2,516,178.99. Following the completion of the sale, the chief operating officer now directly owns 370,890 shares in the company, valued at $19,816,652.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,419 shares of company stock worth $2,809,148. Corporate insiders own 12.10% of the company’s stock.

Institutional Trading of DoorDash

A number of hedge funds have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC bought a new stake in shares of DoorDash during the first quarter worth about $32,000. Wipfli Financial Advisors LLC bought a new stake in DoorDash during the 3rd quarter worth approximately $25,000. Sentry Investment Management LLC acquired a new position in DoorDash in the 3rd quarter valued at approximately $33,000. Alpha Paradigm Partners LLC bought a new position in shares of DoorDash during the second quarter valued at $45,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of DoorDash by 16,080.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 809 shares of the company’s stock valued at $95,000 after acquiring an additional 804 shares during the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.

DoorDash Trading Down 2.4 %

Shares of NYSE:DASH opened at $53.95 on Wednesday. The stock has a market capitalization of $20.94 billion, a PE ratio of -22.29 and a beta of 1.04. The firm has a 50 day moving average of $51.99 and a 200-day moving average of $62.75. DoorDash has a 12 month low of $41.37 and a 12 month high of $199.36.

DoorDash (NYSE:DASHGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.17). DoorDash had a negative return on equity of 14.94% and a negative net margin of 14.51%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. On average, research analysts predict that DoorDash will post -2.62 EPS for the current fiscal year.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. Oppenheimer raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Monday, November 7th. Evercore ISI upped their target price on DoorDash from $98.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Truist Financial decreased their price target on DoorDash from $185.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Mizuho dropped their price objective on DoorDash from $87.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, November 4th. Finally, Barclays cut their price objective on DoorDash from $90.00 to $60.00 in a report on Sunday, November 6th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.30.

About DoorDash

(Get Rating)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, 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; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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