DoorDash (NASDAQ:DASH) CEO Sells $9,164,687.84 in Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 34,166 shares of the 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 transaction, the chief executive officer owned 520,450 shares in the company, valued at $139,605,508. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $250.50, for a total transaction of $4,279,291.50.
• On Tuesday, September 2nd, Tony Xu sold 34,167 shares of DoorDash stock. The stock was sold at an average price of $243.32, for a total transaction of $8,313,514.44.
• On Wednesday, August 20th, Tony Xu sold 291,403 shares of DoorDash stock. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57.
• On Friday, August 15th, Tony Xu sold 34,167 shares of DoorDash stock. The stock was sold at an average price of $247.78, for a total transaction 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 transaction of $13,114,362.50.
• On Friday, July 25th, Tony Xu sold 30,124 shares of DoorDash stock. The stock was 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 Performance

Shares of NASDAQ:DASH opened at $271.22 on Monday. The business has a 50-day moving average of $255.52 and a two-hundred day moving average of $224.37. The firm has a market capitalization of $115.87 billion, a PE ratio of 150.68 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. DoorDash, Inc. has a 12 month low of $141.26 and a 12 month high of $278.15.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.38) EPS. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DASH shares. Citigroup reissued an “outperform” rating on shares of DoorDash in a research note on Thursday, August 7th. Evercore ISI reissued an “outperform” rating and issued a $360.00 price objective (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Stifel Nicolaus boosted their price objective on DoorDash from $214.00 to $239.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Piper Sandler increased their target price on DoorDash from $210.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Oppenheimer raised their target price on DoorDash from $280.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $275.27.

Hedge Funds Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its holdings in shares of DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the period. Perigon Wealth Management LLC raised its stake in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after acquiring an additional 46 shares during the period. Advisory Resource Group raised its stake in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after acquiring an additional 48 shares during the period. Hobart Private Capital LLC lifted its holdings in DoorDash by 2.4% in the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock worth $589,000 after acquiring an additional 50 shares during the last quarter. Finally, Yeomans Consulting Group Inc. boosted its stake in DoorDash by 3.9% in the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock valued at $326,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

About DoorDash

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.