DoorDash rises after Sequoia's Lin discloses buying $100 mln of stock

DoorDash's DASH.O shares up 3.9% at $206.15 on Mon, and rising for fourth straight session, after director Alfred Lin unveiled buying stock in meal delivery platform

Per a regulatory filing late Fri, Sequoia Capital's Lin bought more than 514,000 shares valued at roughly $100 mln last week

On Nov 4, Roelof Botha stepped down as top boss at Sequoia, and Lin and Pat Grady became the VC firm's new stewards

On Nov 6, DASH shares plunged about 17% after San Francisco-based co posted Q3 profit miss, and its plans to spend hundreds of millions more in its 2026 growth strategy amid mounting cost concerns rattled investors

DASH has ~431 mln shares outstanding and Sequoia Capital is second-largest holder with ~31.18 mln shares behind Vanguard, according to LSEG data

With the move on the session, shares up 23% YTD vs S&P 500 Consumer Discretionary index's .SPLRCD 5% advance and Nasdaq's .IXIC 21% gain

Of 47 analysts covering DASH, 35 rate the stock "strong buy" or "buy", 12 rate "hold"; their median PT of $280 is down from $310 a month ago - LSEG