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On April 1, 2025, Stanley Tang, a director at DoorDash Inc. (NYSE:NASDAQ:DASH), executed a series of stock transactions involving the company’s Class A common stock. According to a recent SEC filing, Tang sold shares totaling approximately $8.23 million. The transaction comes as DoorDash, now valued at $75 billion, maintains strong financial health with revenue growing 24% year-over-year.
The sales were conducted under a pre-arranged trading plan, with prices per share ranging from $178.806 to $182.375. Following these transactions, Tang holds 18,285 shares directly. According to InvestingPro data, analyst price targets for DASH range from $138.27 to $250, reflecting the stock’s volatile nature.
Additionally, Tang converted shares of Class B common stock into Class A common stock, although these transactions did not involve any cash exchange. The conversion was carried out at a 1:1 ratio, with no expiration date, as per the filing.
This activity comes as part of Tang’s ongoing management of his holdings in the company, which remains a significant player in the delivery and logistics industry.
In other recent news, DoorDash Inc. has announced a strategic partnership with Domino’s Pizza (NYSE:DPZ), set to launch nationwide in the U.S. in May 2025 and expand to Canada later in the year. The collaboration will allow customers to place orders through the DoorDash app, with deliveries handled by Domino’s drivers. This initiative is expected to tap into a $1 billion opportunity within the aggregator marketplace, enhancing Domino’s reach in suburban and rural areas. Evercore ISI maintained an Outperform rating on Domino’s, with a price target of $480, citing the partnership’s potential to boost same-store sales. Truist Securities reaffirmed a Buy rating for DoorDash, maintaining a price target of $235, highlighting the partnership’s potential to drive revenue growth. Analysts at Truist expect the collaboration to contribute significant growth in Gross Order Value for DoorDash in 2025 and 2026. The partnership reflects a trend in the food delivery industry toward leveraging existing networks to improve market presence. Domino’s loyalty program will remain exclusive to its platforms, despite the new integration with DoorDash.
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