DoorDash (NASDAQ:DASH) Director Buys $24,876,250.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Alfred Lin purchased 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $199.01 per share, for a total transaction of $24,876,250.00. Following the acquisition, the director owned 514,047 shares in the company, valued at approximately $102,300,493.47. The trade was a 32.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alfred Lin also recently made the following trade(s):

• On Tuesday, November 25th, Alfred Lin acquired 389,047 shares of DoorDash stock. The shares were bought at an average price of $193.81 per share, with a total value of $75,401,199.07.

DoorDash Stock Performance

DASH stock opened at $198.50 on Monday. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The stock has a market capitalization of $85.55 billion, a price-to-earnings ratio of 100.76 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The stock’s fifty day moving average is $241.74 and its two-hundred day moving average is $238.80.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm’s revenue was up 27.3% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. On average, research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DASH. Oppenheimer reaffirmed an “outperform” rating and set a $280.00 price target on shares of DoorDash in a report on Thursday, November 6th. Barclays cut their target price on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. BTIG Research reissued a “buy” rating and issued a $315.00 price target on shares of DoorDash in a research note on Thursday, November 6th. Citigroup reissued a “market outperform” rating on shares of DoorDash in a report on Monday, November 24th. Finally, Wells Fargo & Company cut their price objective on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.62.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DASH. Gilbert & Cook Inc. raised its holdings in shares of DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in DoorDash by 3.5% during the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after buying an additional 42 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in DoorDash by 1.9% in the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after buying an additional 45 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of DoorDash by 1.3% in the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after buying an additional 46 shares in the last quarter. Finally, Advisory Resource Group lifted its position in shares of DoorDash by 0.8% during the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after acquiring an additional 48 shares during the last quarter. 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.