Director Stanley Tang of DoorDash, Inc. (NASDAQ: DASH) completed a sale of 907 shares of Class A common stock on February 20, 2026, at $175.496 per share, producing proceeds of $159,174, according to a Form 4 filed with the Securities and Exchange Commission.
At the time of the transaction, shares were trading meaningfully above DoorDash’s current quoted price of $164.38. That current level sits only about 6% above the stock’s 52-week low of $155.40.
Following the disposition, Tang retains direct ownership of 22,647 shares of DoorDash stock. The filing indicates the sale was made to satisfy tax liabilities associated with the vesting of restricted stock units.
Company results and analyst reactions
DoorDash reported fourth-quarter results that modestly exceeded expectations. Both gross order value and adjusted EBITDA came in roughly 1% above estimates, according to the information provided. The release and results have prompted a range of analyst responses and price-target adjustments.
- DA Davidson trimmed its price target to $224 from $260 and kept a Neutral rating, citing valuation-related concerns.
- Citizens cut its target to $250 from $285 while maintaining a Market Outperform rating, and pointed to growth drivers such as U.S. grocery and retail as well as DoorDash’s software offerings.
- Benchmark raised its price target to $285 from $280, retaining a Buy rating and noting expansion into local commerce beyond traditional delivery services.
- Truist Securities lifted its target to $340 from $330 and maintained a Buy rating, citing solid fourth-quarter performance and a favorable first-quarter 2026 outlook despite acknowledged challenges.
- Piper Sandler lowered its target to $220 from $230 while maintaining a Neutral rating, explicitly flagging competition and execution risks.
Together, the analyst moves reflect a spectrum of views on DoorDash’s prospects across delivery, grocery and retail fulfillment, and its evolving software and local-commerce initiatives.
Context on the insider transaction
The Form 4 filing documents an insider sale of a relatively small number of shares by a director to meet tax obligations tied to award vesting. The paperwork confirms the date, per-share price and resulting holdings, but does not indicate any additional sale motives beyond the stated tax-covering purpose.
Investors and observers will note the juxtaposition of an insider sale tied to tax needs and the broader analyst reactions to the company’s recent operational results. The filings and the quarterly data are separate disclosures that together provide a snapshot of corporate activity and market reassessment during the same reporting period.