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In a recent filing with the Securities and Exchange Commission, DoorDash, Inc. (NYSE:NASDAQ:DASH) disclosed that Director Still Ashley sold shares of the company’s Class A Common Stock. The company, currently valued at over $91 billion, has seen its stock surge nearly 90% over the past year and is trading near its 52-week high of $220.64. The transaction, executed on June 3, 2025, involved the sale of 63 shares at a price of $213.43 each, amounting to a total of $13,446.
The sale was conducted under a Rule 10b5-1 trading plan, which had been adopted on November 25, 2024. Following this transaction, Ashley holds 7,909 shares directly. Additionally, on June 4, 2025, there were non-monetary transactions involving the transfer of 3,849 shares to and from a trust, with no financial consideration involved. The shares are held by The Still Family Trust, for which Ashley serves as co-trustee. DoorDash maintains a strong financial position, with InvestingPro data showing the company holds more cash than debt and boasts an "GREAT" overall financial health score.
In other recent news, DoorDash Inc. has demonstrated significant growth in its financial performance, with Truist Securities maintaining a Buy rating and a $230 price target. Analysts have noted that DoorDash’s gross spend growth for the second quarter is surpassing expectations, supported by increased weekly active users and higher order values. The company has also expanded its operations through strategic acquisitions, including Deliveroo (OTC:DROOF) and SevenRooms, which are expected to bolster its growth in the coming years.
Additionally, DoorDash has increased its convertible notes offering to $2.5 billion, up from the initially announced $2 billion. These notes, due in 2030, are convertible under specific conditions and are intended to fund general corporate purposes, including potential acquisitions and share repurchases. In related news, DoorDash has discontinued its voice-ordering product pilot for restaurant clients, a decision made after evaluating customer demand and product-market fit.
Furthermore, DoorDash has introduced the Preferred Integrations Partner Program to enhance restaurant technology solutions. This program, launched at the National Restaurant Association Show, includes partners like Otter, which has already shown success in improving restaurant operations. These developments reflect DoorDash’s commitment to expanding its services and supporting local businesses through innovative solutions.
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