Insider Selling: DoorDash (NASDAQ:DASH) CEO Sells 34,166 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 34,166 shares of DoorDash stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $268.24, for a total value of $9,164,687.84. Following the completion of the transaction, the chief executive officer owned 520,450 shares of the company’s stock, valued at $139,605,508. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Tony Xu also recently made the following trade(s):

• On Monday, September 15th, Tony Xu sold 51,250 shares of DoorDash stock. The shares were sold at an average price of $258.26, for a total value of $13,235,825.00.
• On Wednesday, September 3rd, Tony Xu sold 17,083 shares of DoorDash stock. The shares were sold at an average price of $250.50, for a total value of $4,279,291.50.
• On Tuesday, September 2nd, Tony Xu sold 34,167 shares of DoorDash stock. The shares were sold at an average price of $243.32, for a total value of $8,313,514.44.
• On Wednesday, August 20th, Tony Xu sold 291,403 shares of DoorDash stock. The shares were sold at an average price of $238.19, for a total value of $69,409,280.57.
• On Friday, August 15th, Tony Xu sold 34,167 shares of DoorDash stock. The shares were sold at an average price of $247.78, for a total value of $8,465,899.26.
• On Monday, August 11th, Tony Xu sold 51,250 shares of DoorDash stock. The shares were sold at an average price of $255.89, for a total value of $13,114,362.50.
• On Friday, July 25th, Tony Xu sold 30,124 shares of DoorDash stock. The shares were sold at an average price of $250.02, for a total value of $7,531,602.48.
• On Monday, July 28th, Tony Xu sold 4,042 shares of DoorDash stock. The shares were sold at an average price of $250.28, for a total value of $1,011,631.76.
• On Tuesday, July 15th, Tony Xu sold 34,167 shares of DoorDash stock. The shares were sold at an average price of $236.80, for a total value of $8,090,745.60.

DoorDash Stock Up 0.4%

Shares of DoorDash stock opened at $271.22 on Friday. The firm has a market cap of $115.87 billion, a P/E ratio of 150.68 and a beta of 1.71. DoorDash, Inc. has a fifty-two week low of $141.26 and a fifty-two week high of $278.15. The business has a 50-day moving average price of $255.52 and a 200 day moving average price of $223.92. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. DoorDash’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) earnings per share. On average, sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on DASH. Benchmark increased their price objective on shares of DoorDash from $260.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Royal Bank Of Canada increased their price objective on shares of DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wells Fargo & Company dropped their price objective on shares of DoorDash from $306.00 to $301.00 and set an “equal weight” rating on the stock in a research note on Friday. BMO Capital Markets increased their price objective on shares of DoorDash from $238.00 to $288.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Roth Capital increased their price objective on shares of DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $275.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Night Squared LP bought a new position in shares of DoorDash in the first quarter valued at approximately $2,780,000. Mutual of America Capital Management LLC bought a new position in shares of DoorDash in the first quarter valued at approximately $7,200,000. Public Investment Fund boosted its holdings in shares of DoorDash by 68.3% in the first quarter. Public Investment Fund now owns 821,389 shares of the company’s stock valued at $150,125,000 after acquiring an additional 333,369 shares in the last quarter. Ardmore Road Asset Management LP boosted its holdings in shares of DoorDash by 6.7% in the first quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock valued at $14,622,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in shares of DoorDash in the first quarter valued at approximately $29,261,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.