DoorDash Inc. (NASDAQ:DASH) reported an insider sale by its Chief Accounting Officer in a Form 4 filing with the Securities and Exchange Commission. Gordon S. Lee sold 2,693 shares of the company’s Class A common stock on February 20, 2026, at $175.496 per share, producing proceeds of $472,610.
The filing notes the disposition was carried out to satisfy tax obligations that arose from the vesting of restricted stock units (RSUs). After the sale, Lee directly holds 84,539 shares of DoorDash, with some of those holdings represented by outstanding RSUs. The Form 4 was signed on Lee’s behalf by Christina Whittaker, under a power of attorney, on February 24, 2026.
Context on DoorDash’s market position
At the time of the filing, DoorDash shares were changing hands at $164.38, trading close to a 52-week low of $155.40 and reflecting a 33% decline over the prior six months. Analysis from InvestingPro included in the filing indicated the stock appears undervalued at current prices, a view that suggests potential upside from these levels according to that service. InvestingPro Tips also highlighted that DoorDash reported profitability over the trailing twelve months, with earnings per share of $2.13.
Investors seeking further detail are pointed to a Pro Research Report on DoorDash that InvestingPro offers among its research products.
Recent operating and analyst developments
DoorDash’s latest quarterly results - the company’s fourth quarter - slightly exceeded expectations. Gross order value and adjusted EBITDA each came in roughly 1% above estimates. Following the results, several investment firms adjusted their price targets for the shares.
- Truist Securities lifted its price target to $340, citing solid results and guidance that indicated higher gross order value for the first quarter of 2026.
- Benchmark raised its target to $285, noting DoorDash’s progress in developing a broader local commerce platform beyond restaurant and grocery delivery.
- DA Davidson reduced its target to $224 but maintained a Neutral rating, pointing to valuation concerns.
- Citizens trimmed its target to $250 while keeping a Market Outperform rating, attributing the adjustment to the company’s investment posture through 2026.
- Piper Sandler lowered its target to $220, referencing increased competition and execution risk, while also acknowledging DoorDash’s continued strength in the U.S. restaurant marketplace.
These revisions reveal a mix of optimism and caution among analysts, with some raising targets after the recent quarter and others dialing back expectations based on valuation or competitive considerations.
Clear summary
Gordon S. Lee sold 2,693 DoorDash Class A shares on February 20, 2026, for $175.496 per share to cover RSU-related tax obligations, leaving him with 84,539 shares. The transaction was executed for tax purposes and was signed by Christina Whittaker under power of attorney on February 24, 2026. The company’s stock is trading near its 52-week low, and analysts have issued a range of revised price targets following modestly better-than-expected quarterly results.
Key points
- Insider sale: CAO Gordon S. Lee sold 2,693 shares on February 20, 2026, for $175.496 each, totaling $472,610.
- Ownership and purpose: After the sale, Lee directly owns 84,539 shares; the sale was executed to meet tax obligations tied to RSU vesting.
- Market and analyst reaction: DoorDash shares were trading at $164.38, near a 52-week low of $155.40; analysts issued mixed target revisions after the company’s fourth-quarter results.
Risks and uncertainties
- Share price volatility: DoorDash is trading near its 52-week low and has fallen 33% over the last six months, creating market risk for shareholders and affecting sentiment in the consumer and delivery sectors.
- Valuation concerns: Some analysts, such as DA Davidson, point to valuation as a reason for a lower price target and a Neutral rating, which could influence investor expectations across technology-enabled delivery services.
- Competition and execution risk: Firms like Piper Sandler cite increased competition and execution risk as factors for reducing their price targets, which could impact DoorDash’s positioning in local commerce and the broader food-delivery marketplace.
Note: All transaction details are drawn from the company’s SEC filing and the analyst actions and metrics referenced per the information provided in those reports.