DoorDash, Inc. (NASDAQ:DASH) CEO Sells 108,332 Shares

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total value of $18,454,356.20. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,525. This represents a 98.63 % decrease in their ownership of the stock. The sale 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, December 16th, Tony Xu sold 108,332 shares of DoorDash stock. The shares were sold at an average price of $178.74, for a total value of $19,363,261.68.
• On Monday, December 2nd, Tony Xu sold 115,432 shares of DoorDash stock. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32.
• On Tuesday, November 26th, Tony Xu sold 108,334 shares of DoorDash stock. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38.
• On Friday, November 15th, Tony Xu sold 108,332 shares of DoorDash stock. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00.
• On Tuesday, October 15th, Tony Xu sold 81,249 shares of DoorDash stock. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63.

DoorDash Price Performance

NASDAQ:DASH traded up $4.31 during trading hours on Friday, hitting $174.96. The stock had a trading volume of 1,913,750 shares, compared to its average volume of 2,113,565. The firm has a market capitalization of $72.68 billion, a price-to-earnings ratio of -388.80, a P/E/G ratio of 13.56 and a beta of 1.70. DoorDash, Inc. has a one year low of $93.33 and a one year high of $181.78. The company has a 50 day simple moving average of $170.94 and a two-hundred day simple moving average of $141.09.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) EPS. Equities research analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. DA Davidson raised their price objective on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Loop Capital lifted their price target on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Bank of America upped their price objective on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. UBS Group lifted their price objective on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.42.

Institutional Investors Weigh In On DoorDash

Several hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its holdings in shares of DoorDash by 34.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock valued at $683,000 after buying an additional 1,611 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of DoorDash by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 409,866 shares of the company’s stock valued at $44,585,000 after purchasing an additional 13,639 shares during the last quarter. Victory Capital Management Inc. raised its position in DoorDash by 2.5% in the 2nd quarter. Victory Capital Management Inc. now owns 263,873 shares of the company’s stock worth $28,704,000 after purchasing an additional 6,459 shares during the period. Arizona State Retirement System boosted its position in DoorDash by 10.0% during the second quarter. Arizona State Retirement System now owns 81,919 shares of the company’s stock valued at $8,911,000 after buying an additional 7,444 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of DoorDash by 15.1% during the second quarter. Private Advisor Group LLC now owns 17,062 shares of the company’s stock valued at $1,856,000 after buying an additional 2,232 shares during the last quarter. 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.