Insider Selling: DoorDash (NASDAQ:DASH) CEO Sells 51,250 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 51,250 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $258.26, for a total value of $13,235,825.00. Following the completion of the sale, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at $387,390. The trade was a 97.16% decrease in their position. 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 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 value 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 value 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 value 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 value of $8,465,899.26.
• On Monday, August 11th, Tony Xu sold 51,250 shares of DoorDash stock. The stock was 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 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 stock was 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 stock was sold at an average price of $236.80, for a total value of $8,090,745.60.
• On Tuesday, July 1st, Tony Xu sold 34,167 shares of DoorDash stock. The stock was sold at an average price of $240.66, for a total value of $8,222,630.22.

DoorDash Price Performance

DASH opened at $268.07 on Friday. The stock has a fifty day simple moving average of $249.73 and a two-hundred day simple moving average of $217.71. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $114.52 billion, a price-to-earnings ratio of 148.93 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $136.05 and a 12-month high of $278.15.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data 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 the consensus estimate of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.38) earnings per share. Research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on DASH. Raymond James Financial restated a “strong-buy” rating and set a $325.00 price target (up from $275.00) on shares of DoorDash in a report on Thursday, August 7th. Roth Capital raised their price target on DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Loop Capital restated a “buy” rating on shares of DoorDash in a report on Tuesday, July 15th. JMP Securities raised their price target on DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus raised their price target on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $268.76.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently modified their holdings of the business. Saudi Central Bank purchased a new stake in shares of DoorDash during the first quarter valued at $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash during the first quarter valued at $26,000. Pacific Center for Financial Services purchased a new position in DoorDash in the first quarter worth about $27,000. GFG Capital LLC purchased a new position in DoorDash in the second quarter worth about $30,000. Finally, Harbour Investments Inc. boosted its position in DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.