On October 30, 2024, Ravi Inukonda, Chief Financial Officer of DoorDash Inc (DASH, Financial), sold 7,000 shares of the company. The transaction was executed at a price of $155.58 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 395,212 shares of DoorDash Inc.
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, Ravi Inukonda has sold a total of 97,784 shares and has not purchased any shares. This recent sale is part of a broader trend within the company, where there have been 105 insider sells and no insider buys over the past year.
Shares of DoorDash Inc were trading at $155.58 on the day of the sale, giving the company a market cap of approximately $64.66 billion. According to the GF Value, the intrinsic value of the stock is estimated at $118.08, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.32.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business outcomes.
This insider sale could be of interest to investors tracking insider behaviors, especially in the context of the company's valuation and stock performance.
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.
