DoorDash, Inc. (NASDAQ:DASH) CEO Sells $5,836,386.50 in Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $5,836,386.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 10th, Tony Xu sold 131,590 shares of DoorDash stock. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90.
• On Tuesday, April 16th, Tony Xu sold 132,300 shares of DoorDash stock. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00.

DoorDash Stock Up 3.1 %

Shares of DASH opened at $110.96 on Friday. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34. The business’s fifty day moving average is $113.57 and its 200 day moving average is $117.36. The stock has a market cap of $45.37 billion, a P/E ratio of -102.74, a P/E/G ratio of 27.21 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. DoorDash’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the business earned ($0.41) EPS. On average, analysts expect that DoorDash, Inc. will post 0.11 EPS for the current year.

Analysts Set New Price Targets

DASH has been the subject of several recent analyst reports. Moffett Nathanson upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and raised their target price for the stock from $118.00 to $164.00 in a report on Thursday, April 11th. Royal Bank of Canada cut their price objective on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. BMO Capital Markets dropped their price target on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of DoorDash from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.79.

Institutional Investors Weigh In On DoorDash

Several large investors have recently made changes to their positions in DASH. Spire Wealth Management purchased a new stake in shares of DoorDash during the 1st quarter valued at $25,000. Venturi Wealth Management LLC grew its stake in shares of DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares during the period. ORG Partners LLC grew its stake in shares of DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of DoorDash during the 1st quarter worth $42,000. 90.64% of the stock is owned by hedge funds and other 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.