On May 20, 2024, Gordon Lee, the Chief Accounting Officer of DoorDash Inc (DASH, Financial), executed a sale of 2,569 shares of the company. The transaction was filed on May 22, 2024, as reported in the SEC Filing. The shares were sold at a price of $113.78 each, totaling approximately $292,256.82.
DoorDash Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. The platform facilitates the delivery of food items, groceries, and other products.
Over the past year, the insider has sold a total of 19,907 shares of DoorDash Inc and has not purchased any shares. This recent transaction follows a pattern observed over the last year, where there have been 109 insider sells and no insider buys.
The shares of DoorDash Inc were trading at $113.78 on the day of the sale, giving the company a market cap of approximately $45.65 billion. According to the GF Value, the intrinsic value estimate of the stock is $112.01, indicating that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.02.
The GF Value is determined by historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, providing insight into insider confidence and behavior regarding the stock's current valuation and future prospects.
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.
