DASH 0.5% Higher Amid Insider Sales and $100M Sequoia Purchase

On December 1, 2025, DoorDash (DASH) saw a 0.5% increase in value, trading at $48.72 within the last 24 hours. This followed a broader negative trend, as the stock had fallen 30.6% over the past seven days and 8.95% in the last month. Over the past year, however, DASH has appreciated by 28.25%. The price action came amid a combination of insider activity and significant purchases by key investors.

Insider Filings and Share Sales

On the same date, Officer Lee Gordon S filed a Form 144 with the SEC, announcing plans to sell 2,159 shares of restricted stock via Morgan Stanley Smith Barney LLC. The proposed sale is set to occur on December 1, 2025, and follows a prearranged trading plan under Section 10b5-1 of the Securities Exchange Act. Under SEC rules, the submission of Form 144 permits the sale of restricted securities within 90 days.

While insider sales can sometimes signal a lack of confidence, this filing reflects standard procedures for restricted stock disposal and does not necessarily reflect a negative outlook on the company.

DoorDash's recent price movements reflect the broader market dynamics.

Significant Share Purchases by Sequoia Partner

In a separate and more bullish development, Alfred Lin, a managing partner at Sequoia Capital Operations, purchased 514,047 shares of DASH between November 25 and 26, at an average price of $195.07 per share, totaling $100.3 million. Lin, representing DoorDash’s second-largest investor, made the purchase across 11 separate transactions.

This large-scale investment by a top-tier investor is seen as a strong signal of confidence in DoorDash’s strategic direction and long-term growth potential. Shares of DASH rose 4% in the wake of the filing.

DoorDash Director and Institutional Investors Add to Holdings

In addition to Lin’s purchase, Grantham Mayo Van Otterloo & Co. LLC, a prominent asset management firm, acquired DASH shares, reflecting broader institutional interest in the stock. Similarly, West Family Investments Inc. invested $408,000 in DASH, while the New York State Common Retirement Fund added 47,100 shares to its portfolio. These developments suggest a growing institutional conviction in DoorDash’s value proposition.

Partnerships and Strategic Expansions

DoorDash also announced new strategic partnerships aimed at broadening its delivery footprint. It became the official on-demand delivery partner for WWE and UFC, a move expected to enhance brand visibility and user engagement. Additionally, the company expanded its retail delivery services by partnering with Family Dollar, enabling on-demand delivery from 7,000 stores nationwide. This collaboration is expected to drive more frequent, everyday consumer orders and support DoorDash’s diversification beyond its core food delivery business.

Analyst Reactions and Market Outlook

Analysts remain generally positive on DASH, with Wedbush upgrading its rating to "Outperform" and raising its price target to $260. Oppenheimer and Guggenheim have also reiterated "Outperform" ratings, with price targets as high as $280. The average analyst target is $275.62, representing a potential 39% upside from the current price.

Analysts project that DoorDash will generate $20.4 billion in revenue and $3.2 billion in earnings by 2028, requiring 19.6% annual revenue growth and a substantial increase in profitability. However, near-term challenges—such as rising labor and fulfillment costs—remain key risks.

Conclusion

Despite a challenging 7-day and 1-month performance, DASH has found support from major investors and insiders, signaling confidence in its long-term strategy. With a mix of new partnerships, institutional buying, and insider purchases, the stock appears to be stabilizing amid broader market volatility. Investors are now watching for signs of improved financial performance and continued execution on DoorDash’s diversification strategy.