Doordash general counsel Tia Sherringham sells $1.8m in stock

DoorDash, Inc. (NYSE:NASDAQ:DASH), the food delivery giant with a market capitalization of $85.4 billion, recently reported a significant stock transaction by its General Counsel and Secretary, Tia Sherringham. According to a Form 4 filing with the Securities and Exchange Commission, Sherringham sold 9,153 shares of Class A Common Stock on May 20, 2025. The company has shown remarkable performance, with an 83% return over the past year, according to InvestingPro data. The shares were sold at an average price of $199.899, amounting to a total transaction value of approximately $1.83 million.

This sale was carried out to cover tax obligations related to the vesting of restricted stock units (RSUs). Following the transaction, Sherringham holds 137,060 shares, some of which are represented by RSUs. This transaction underscores the ongoing practice of executives managing their equity holdings for tax purposes. Despite the stock’s high valuation, InvestingPro data shows DoorDash maintains a strong financial health score, with liquid assets exceeding short-term obligations and a solid balance sheet holding more cash than debt.

In other recent news, DoorDash Inc. has recently made headlines with several significant developments. The company announced two major acquisitions, purchasing Deliveroo (OTC:DROOF) for approximately £2.9 billion and SevenRooms for $1.2 billion. These moves are expected to expand DoorDash’s market presence, particularly in Europe and the Middle East, and enhance its service offerings to merchants. Despite these strategic acquisitions, BMO Capital Markets slightly reduced its price target for DoorDash from $240 to $238 while maintaining an Outperform rating.

Additionally, DoorDash has launched its Preferred Integrations Partner Program, aiming to assist restaurants with reliable technology integrations. Otter, a company specializing in delivery performance tools, has been named as one of the first partners, with reports of positive results such as increased order volume and reduced cancellations. In another development, DoorDash has discontinued its voice-ordering product pilot, citing a decision to wind down initiatives based on product-market fit and customer demand.

Furthermore, Benchmark analysts have raised DoorDash’s stock price target to $225, maintaining a Buy rating, while RBC Capital Markets kept their Outperform rating with a steady price target of $230. The analysts noted DoorDash’s solid order growth and potential for increasing profitability, although they acknowledged some concerns regarding the company’s recent financial performance and strategic acquisitions. These developments highlight DoorDash’s ongoing efforts to adapt and expand in the competitive food delivery market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.