Categories: Business

DoorDash Insider Sells: Keith Yandell Reduces Stake in Delivery Platform Company

On June 5, 2024, Keith Yandell, the Chief Business Officer of DoorDash Inc (NASDAQ: DASH), sold 12,088 shares of the company. This recent sale leaves him owning a total of 161,651 shares. DoorDash operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. The platform helps local businesses by providing delivery and other services to reach new customers, increase sales, and grow their businesses.

Over the past year, Keith Yandell has sold a total of 79,842 shares of DoorDash Inc and has not purchased any shares. This recent transaction is part of a broader trend with 104 insider sells and no insider buys over the last year at DoorDash Inc. Shares of DoorDash Inc were trading at $111.84 on the day of the transaction, with a market cap of approximately $46.32 billion. According to GuruFocus’s GF Value calculation, the stock is considered fairly valued with a price-to-GF-Value ratio of 0.99.

The GF Value calculation is based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with adjustments based on past returns, growth

Samantha Johnson

As a dedicated content writer at newseeped.com, I thrive on transforming ideas into captivating narratives that engage and inform our readers. With a passion for storytelling and a keen eye for detail, I craft articles that resonate with our audience and help amplify our platform's impact. My background in journalism and creative writing allows me to blend authenticity with flair, ensuring each piece I produce is not only informative but also compelling. I am honored to be part of a team that values quality content and am excited to continue contributing to our mission of delivering top-notch news coverage to our readers.

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