DoorDash, Inc. (NASDAQ:DASH) CEO Sells $7,586,489.96 in Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, August 6th, Tony Xu sold 54,166 shares of DoorDash stock. The shares were sold at an average price of $123.43, for a total value of $6,685,709.38.
• On Monday, July 15th, Tony Xu sold 54,166 shares of DoorDash stock. The stock was sold at an average price of $104.96, for a total transaction of $5,685,263.36.
• On Monday, July 1st, Tony Xu sold 54,166 shares of DoorDash stock. The shares were sold at an average price of $107.75, for a total transaction of $5,836,386.50.

DoorDash Trading Down 0.6 %

NASDAQ DASH opened at $142.23 on Friday. The stock has a market cap of $58.53 billion, a P/E ratio of -131.69, a PEG ratio of 295.70 and a beta of 1.69. The company’s fifty day simple moving average is $125.10 and its 200-day simple moving average is $121.95. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $146.36.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on DASH shares. Argus initiated coverage on shares of DoorDash in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 target price on shares of DoorDash in a research note on Monday, September 23rd. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of DoorDash in a research report on Friday, August 2nd. JMP Securities upped their price objective on DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.97.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in DoorDash by 40.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,431 shares of the company’s stock worth $1,526,000 after buying an additional 4,475 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of DoorDash by 102.5% in the 4th quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock worth $19,694,000 after acquiring an additional 100,787 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of DoorDash by 4.2% during the fourth quarter. Corient Private Wealth LLC now owns 8,015 shares of the company’s stock worth $793,000 after purchasing an additional 320 shares during the period. US Bancorp DE lifted its holdings in shares of DoorDash by 9.1% during the fourth quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $680,000 after purchasing an additional 573 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of DoorDash by 3.4% in the 4th quarter. Commerce Bank now owns 5,073 shares of the company’s stock valued at $502,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.