DoorDash Inc Director Stanley Tang Sells 186,000 Shares
On January 9, 2024, Stanley Tang, a Director at DoorDash Inc (NASDAQ:DASH), sold 186,000 shares of the company's stock, according to a recent SEC Filing. The transaction was executed with the shares priced at $99.19 each, resulting in a total sale amount of $18,449,340.
DoorDash Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. The platform provides a marketplace for food ordering and delivery, as well as additional services such as catering and pick-up.
Over the past year, the insider has sold a total of 2,243,743 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 100 insider sells for DoorDash Inc.
The market capitalization of DoorDash Inc stands at $41.41 billion, reflecting the company's value as perceived by the stock market.
Based on the current share price and the GuruFocus Value (GF Value) of $109.29, DoorDash Inc has a price-to-GF-Value ratio of 0.91, indicating that the stock is Fairly Valued. The GF Value is a proprietary valuation metric developed by GuruFocus, which considers historical trading multiples, an adjustment factor based on the company's historical performance, and future business projections provided by analysts.
The insider's recent transaction aligns with the overall insider trend for the company, which has been characterized by a greater number of sales than purchases among insiders.
Investors often monitor insider transactions as they can provide insights into the sentiment of those with in-depth knowledge of the company. However, it is important to consider a wide range of factors when evaluating the implications of insider trading activity.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
