SoFi CEO enters prepaid forward contract on 1.5 million shares
In a recent transaction, Still Ashley, a director at DoorDash Inc. (NYSE:NASDAQ:DASH), sold 63 shares of Class A Common Stock. The shares were sold at a price of $180.11 each, amounting to a total transaction value of $11,346. According to InvestingPro data, DoorDash, currently valued at $69 billion, has demonstrated strong financial health with a "GOOD" overall score. This sale was conducted on April 2, 2025, under a Rule 10b5-1 trading plan that Ashley adopted in November 2024. Following this transaction, Ashley holds 8,034 shares, some of which are represented by restricted stock units. The stock has shown notable volatility, with a 29% return over the past year and currently trades near its Fair Value. For deeper insights into DoorDash’s valuation and 12+ additional ProTips, explore InvestingPro.
In other recent news, DoorDash Inc. has announced a partnership with Domino’s Pizza (NYSE:DPZ), set to launch nationwide in the U.S. in May 2025, with plans to expand to Canada later that year. This collaboration will see Domino’s drivers handling deliveries for orders placed through DoorDash’s Marketplace, aiming to enhance sales and customer reach, particularly in suburban and rural markets. Truist Securities has maintained a Buy rating for DoorDash, with a price target of $235, highlighting the potential growth in Gross Order Value due to this partnership. Evercore ISI has also maintained an Outperform rating for Domino’s, setting a price target of $480, citing the partnership’s potential to significantly boost Domino’s same-store sales.
The partnership is expected to capitalize on DoorDash’s extensive network, which is about 2.5 times larger than that of Uber (NYSE:UBER) Eats, potentially increasing Domino’s market presence. Domino’s has been focusing on promotional strategies, such as a 50% discount on online pizza orders, to attract consumers amid inflationary pressures. The integration will allow DoorDash users to order from local Domino’s stores with GPS tracking and access to DashPass benefits. Both companies have acknowledged that the partnership aims to leverage their strengths to enhance market presence and drive growth in the delivery sector. This development reflects an ongoing trend in the food delivery industry, where strategic alliances are used to expand reach and improve customer service.
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