DoorDash, Inc. (NASDAQ: DASH) stock spent November in the spotlight for all the wrong and right reasons. After a sharp post‑earnings selloff, November 29, 2025 brought a fresh wave of news: a $100 million insider purchase, new executive share sales, big institutional moves, and fresh valuation takes that disagree wildly on what DoorDash stock is actually worth. [1]
Below is a full wrap‑up of everything notable around DoorDash stock tied to 29 November 2025, plus the context investors are using to make sense of it.
Where DoorDash stock stands after November’s selloff
DoorDash has been on a rollercoaster since its Q3 2025 earnings on November 5, when the company beat revenue expectations but missed on profit and unveiled plans to ramp 2026 investments by “hundreds of millions” of dollars. [2]
Key fundamentals from Q3 2025:
- Revenue: $3.4 billion, up 27% year over year
- Total Orders: 776 million, up 21% YoY
- Marketplace gross order value (GOV): $25.0 billion, up 25% YoY
- GAAP net income: $244 million, up 51% YoY
- Adjusted EBITDA: $754 million, up 41% YoY [3]
Despite those strong growth numbers, investors focused on rising costs and the aggressive investment plan. Reuters reported that shares tumbled about 14% on November 6 as the market digested the spending outlook and a profit miss, even as management highlighted new partnerships with Domino’s, Kroger and robotics firms to support long‑term growth. [4]
By late November:
- Share price hovered around $198 per share (as of November 28). [5]
- Market cap sat near $84‑85 billion. [6]
- 52‑week range: roughly $155.40 – $285.50. [7]
- P/E ratio sat in the high‑90s to low‑100s, depending on the data provider — far above both the broader market and industry averages. [8]
Performance snapshots around November 29 from Simply Wall St show how volatile the month has been: DoorDash stock rebounded about 4.6% over the week, but was still down roughly 25% over the past month, even while remaining up about 16% year‑to‑date and more than 250% over three years. [9]
A Barron’s breakdown of the S&P 500’s best and worst November performers put DoorDash among the month’s laggards, noting a drop of nearly a quarter in November on the back of its spending plans and earnings miss. [10]
In other words: by November 29, DoorDash stock was still bruised, but stabilizing near the high‑$190s.
29 November 2025: A big insider buy – and more insider selling
Director Alfred Lin buys ~$100 million in DASH shares
In the early hours of November 29 (local time), an Investing.com piece flagged one of DoorDash’s largest insider purchases in years. Board member Alfred Lin (a longtime Sequoia Capital partner) disclosed buying 401,439 Class A shares on November 25 and 26, spending roughly $100.3 million at prices between about $188 and $200 per share. [11]
Key details from the filing and coverage:
- The shares were accumulated through Sequoia‑related entities.
- The purchase comes after the recent selloff, with the article noting DoorDash shares are still up about 18% year‑to‑date despite the November slide. [12]
- InvestingPro metrics cited in the piece highlight that DoorDash:
For bullish investors, a nine‑figure director purchase near the lows of the month reads as a powerful vote of confidence in DoorDash’s long‑term strategy.
COO Prabir Adarkar sells 24,489 shares
The bullish signal from Lin is complicated by fresh insider selling, also highlighted on November 29.
A separate MarketBeat instant alert reported that COO Prabir Adarkar sold 24,489 shares on November 24 at an average price of $187.36, a sale worth about $4.59 million. After the trade, he still held approximately 874,130 shares, valued at around $164 million, but his ownership stake declined by roughly 2.7%. [15]
The article notes this continues a pattern of insider dispositions:
- Adarkar sold 24,968 shares in mid‑October at roughly $272 per share.
- He also sold 30,000 shares in late September at about $271 per share. [16]
MarketBeat also points out that over the last 90 days, insiders collectively sold more than 750,000 shares worth roughly $175 million, and CEO Tony Xu cut his stake by more than half via a large sale around $196 per share. [17]
Net picture: insiders mostly selling, but one giant buyer
Data compiled by Quiver Quantitative adds more color: over the past six months, DoorDash insiders made 309 open‑market trades, with 298 sales and only 11 purchases. Xu, co‑founders, and other executives have been heavy sellers, while Alfred Lin stands out as the lone recurring buyer, purchasing over 500,000 shares totaling more than $100 million. [18]
So as of November 29, the insider story is:
- Structurally net selling from executives who have large existing positions.
- Targeted, high‑conviction buying from one director, concentrated during the post‑earnings dip.
That contrast is a big reason sentiment around DoorDash stock feels so divided right now.
Institutional investors ramp up exposure
The November 29 MarketBeat piece on Neuberger Berman Group LLC shows that big money is still willing to add to DoorDash on weakness. [19]
Highlights from Neuberger’s Q2 filing:
- The firm increased its stake by 258.8%, taking its position to 334,922 shares.
- That represents an additional 241,587 shares and a position worth about $82.6 million, roughly 0.08% of DoorDash’s equity.
- Other institutions mentioned as recently adding include Brighton Jones, Avantax, Cetera Investment Advisers and AssetMark, while overall institutional ownership stands near 90.6%. [20]
Quiver’s hedge fund activity data paints a more dynamic picture: in recent quarters, 682 institutional investors increased their DoorDash holdings, while 440 reduced them, with large additions from UBS Asset Management, Price T Rowe, BlackRock, Vanguard and FMR, and full exits from some funds like Viking Global and AH Capital. [21]
Put together, November 29 coverage suggests institutions are net buyers, even as some high‑profile funds take profits.
Wall Street’s view: bullish targets despite the drawdown
Across the November 29 articles and recent research summaries, one theme is striking: Wall Street remains broadly positive on DoorDash, even after the post‑earnings slide.
- Quiver’s aggregation of recent research notes shows 22 firms rating DoorDash a “Buy” and none rating it “Sell”, with a median 12‑month price target around $280 per share and several targets clustered between $250 and $320. [22]
- MarketBeat’s coverage, including the Neuberger and COO‑sale pieces, cites a consensus “Moderate Buy” rating based on more than 35 analysts and a consensus target near $275.62, implying substantial upside from the high‑$190s. [23]
Some examples from recent notes referenced in these pieces:
- Needham and Mizuho both reiterated bullish ratings after earnings, with Mizuho keeping a $320 price target, implying roughly 60% potential upside from around $200. [24]
- Other firms like Guggenheim, Jefferies, Wedbush, Susquehanna and Goldman Sachs maintained positive stances in November, with targets generally in the mid‑$200s. [25]
However, not everyone thinks the current price is attractive.
29 November valuation debate: undervalued or wildly expensive?
Two 29 November pieces highlight just how split the valuation debate around DoorDash has become.
Simply Wall St: one model says “undervalued,” another says “overvalued”
A November 29 analysis from Simply Wall St tries to weigh DoorDash’s post‑earnings drop. The piece notes: [26]
- Short‑term price action:
- Up ~4.6% over the week.
- Down ~25.4% over the month.
- Still positive year‑to‑date and dramatically higher over three years.
- Discounted cash flow (DCF) model: Using a two‑stage FCF‑to‑equity approach, they estimate a fair value around $309 per share, suggesting the stock is roughly 36% undervalued versus late‑November prices.
- Earnings multiple view: At a P/E around 99x, DoorDash trades at more than 4x the industry average and more than double their “fair” multiple estimate, leading their P/E‑based view to flag the stock as overvalued.
The conclusion: depending on which valuation lens you use, DoorDash can look meaningfully cheap or meaningfully expensive.
WallStreetZen: DCF fair value closer to $106
Another platform, WallStreetZen, leans firmly to the cautious side. As of November 28–30, it shows: [27]
- Share price: $198.37
- DCF‑based fair value estimate: $106.55
- Implied overvaluation of about 86%
- P/E around 97x, versus roughly 31x for the industry and about 46x for the broader market
In this framework, DoorDash is a classic high‑growth, high‑multiple stock, with valuation risk front and center.
Sentiment on 29 November: social media still focused on the earnings shock
The November 29 QuiverQuant article synthesizing discussions on X (formerly Twitter) shows sentiment still anchored on the Q3 earnings “fallout”: [28]
- Many posts highlight a stock drop of more than 20% after the earnings miss and investment plan.
- Users debate whether the selloff reflects softening consumer demand and rising costs, or a short‑term overreaction to long‑term strategic spending.
- Insider activity is a flash point: some see the big Alfred Lin purchase as insiders “buying the dip”, while others focus on the heavier drumbeat of executive sales as a warning sign.
- Macro talk around consumer spending, gig‑economy competition and higher labor costs adds to the cautious tone.
Quiver’s dashboard also notes that 682 institutions have added to DoorDash positions recently versus 440 that reduced, suggesting that while sentiment is noisy, real money is still flowing into the name. [29]
Key risk overhangs behind the headlines
The November 29 coverage doesn’t exist in a vacuum. Several non‑price developments from earlier in the month still hang over the stock.
1. Aggressive 2026 investment plan
Reuters’ November 6 piece on DoorDash’s selloff emphasized that the company plans to invest “hundreds of millions” more in 2026, particularly in: [30]
- Automation and robotics (including partnerships and platforms highlighted in later analyses).
- International expansion, especially after the Deliveroo acquisition, which Lightyear notes could contribute around $200 million to adjusted EBITDA over the next year according to FT coverage. [31]
The concern: near‑term margin pressure at a time when the stock already trades at a rich multiple.
2. Data breach and cybersecurity concerns
Mid‑November brought confirmation that DoorDash suffered another data breach, its third major incident since 2019. TechCrunch and security outlets report that: [32]
- An employee fell victim to a social engineering attack in late October 2025.
- The attacker accessed names, phone numbers, email addresses and physical addresses of a mix of customers, Dashers and merchants.
- DoorDash says payment data and more sensitive identifiers like Social Security numbers were not accessed, and that it has no evidence of fraud so far, but critics note that contact data alone can power targeted phishing campaigns.
- Commentators point out this is DoorDash’s third breach in recent years, raising questions about security culture and potential regulatory or legal fallout.
For investors, the breach adds reputational and regulatory risk on top of the usual growth‑vs‑profits debate.
3. Rising labor costs in key markets
On November 25, Reuters reported a landmark agreement in Australia under which DoorDash and Uber Eats will guarantee a minimum hourly wage of A$31.30 (about $20.19) for delivery workers — roughly a 25% pay bump versus prior per‑delivery earnings, pending approval by the country’s Fair Work Commission. [33]
The deal, set to take effect in July 2026, is being watched globally as a potential template for gig‑worker regulation. While it may improve worker security, it also raises structural cost pressure in a market where DoorDash is competing aggressively for share.
What November 29 tells investors about DoorDash stock
Pulling all the 29 November news together, a few themes emerge:
1. The “smart money” is split, not absent
- Institutions like Neuberger Berman are adding to positions, and aggregate data shows more funds increasing holdings than cutting them. [34]
- Insiders are net sellers over six months, yet a single director just committed around $100 million of fresh capital near the new support level. [35]
That combination points to divergence of opinion, not abandonment of the stock.
2. Wall Street still sees upside – but models disagree on how much the stock is worth
- Traditional sell‑side analysts largely see DoorDash as a buy with 30–60% upside from late‑November levels. [36]
- Independent valuation models range from “undervalued by ~35%” (Simply Wall St’s DCF) to “overvalued by ~86%” (WallStreetZen’s DCF). [37]
For investors, that means your valuation framework matters a lot: DCF assumptions, growth runway, and discount rates can swing fair value estimates by more than $200 per share.
3. The business is growing fast, but the market wants proof of durable profitability
Q3 results show a business still in strong growth mode — 20‑plus percent growth in orders, GOV and revenue, and expanding gross profit and adjusted EBITDA. [38]
But high‑profile coverage from Reuters, FT, Investopedia and Barron’s all circle the same issue: at a near‑triple‑digit P/E and with big new 2026 investments, DoorDash needs to prove it can keep scaling profits, not just revenue, especially as competitors and regulators push from both sides. [39]
4. Risk factors are real: security, regulation, and macro
- The data breach raises questions about risk management and may increase compliance and security spend. [40]
- The Australian wage deal signals upward pressure on labor costs in at least one major international market. [41]
- Consumer‑spending uncertainty and competition from other gig‑economy platforms remain persistent headwinds. [42]
Bottom line
News flow on 29 November 2025 paints DoorDash as a high‑growth, high‑controversy stock:
- A nine‑figure insider buy, fresh COO selling, and heavy institutional ownership all coexist.
- Analysts, quant models and social media are sharply divided on whether the post‑earnings slide created an opportunity or simply knocked some excess froth off a richly valued name.
- Under the hood, DoorDash is still posting strong growth, but faces real risks from cybersecurity, regulatory changes and its own ambitious spending plans.
For anyone following DASH, the message from November 29 is clear: the story is far from settled. Volatility is likely to remain high as the company tries to turn its aggressive investments — in automation, international expansion and new verticals — into sustainable, growing profits.
This article is for information and news purposes only and is not financial advice. Anyone considering an investment in DoorDash stock should do independent research or consult a qualified financial professional.
References
1. www.marketbeat.com, 2. ir.doordash.com, 3. ir.doordash.com, 4. www.reuters.com, 5. www.wallstreetzen.com, 6. www.marketbeat.com, 7. www.marketbeat.com, 8. www.marketbeat.com, 9. simplywall.st, 10. www.barrons.com, 11. ng.investing.com, 12. uk.investing.com, 13. uk.investing.com, 14. uk.investing.com, 15. www.marketbeat.com, 16. www.marketbeat.com, 17. www.marketbeat.com, 18. www.quiverquant.com, 19. www.marketbeat.com, 20. www.marketbeat.com, 21. www.quiverquant.com, 22. www.quiverquant.com, 23. www.marketbeat.com, 24. www.marketbeat.com, 25. www.quiverquant.com, 26. simplywall.st, 27. www.wallstreetzen.com, 28. www.quiverquant.com, 29. www.quiverquant.com, 30. www.reuters.com, 31. lightyear.com, 32. techcrunch.com, 33. www.reuters.com, 34. www.marketbeat.com, 35. uk.investing.com, 36. www.quiverquant.com, 37. simplywall.st, 38. ir.doordash.com, 39. www.reuters.com, 40. www.techradar.com, 41. www.reuters.com, 42. www.reuters.com
