Insider Selling: DoorDash (NASDAQ:DASH) CEO Sells $3,833,410.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 91.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, November 20th, Tony Xu sold 288,410 shares of DoorDash stock. The shares were sold at an average price of $196.04, for a total value of $56,539,896.40.
• On Wednesday, October 1st, Tony Xu sold 34,166 shares of DoorDash stock. The shares were sold at an average price of $268.24, for a total transaction of $9,164,687.84.
• 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 transaction of $13,235,825.00.

DoorDash Stock Up 1.3%

Shares of NASDAQ:DASH opened at $227.49 on Friday. The company has a 50 day moving average price of $232.77 and a two-hundred day moving average price of $239.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $98.05 billion, a PE ratio of 115.48 and a beta of 1.72. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. Analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Institutional Trading of DoorDash

A number of institutional investors have recently made changes to their positions in the business. Brighton Jones LLC grew its position in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of DoorDash by 26.6% during the 1st quarter. Townsquare Capital LLC now owns 8,039 shares of the company’s stock worth $1,469,000 after buying an additional 1,690 shares during the last quarter. SouthState Corp grew its holdings in shares of DoorDash by 762.5% in the 1st quarter. SouthState Corp now owns 207 shares of the company’s stock valued at $38,000 after acquiring an additional 183 shares in the last quarter. AIA Group Ltd increased its position in shares of DoorDash by 50.0% in the first quarter. AIA Group Ltd now owns 3,235 shares of the company’s stock valued at $591,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in shares of DoorDash in the first quarter valued at about $8,139,000. Institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank Of Canada decreased their target price on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Zacks Research lowered DoorDash from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Stifel Nicolaus lowered their target price on DoorDash from $255.00 to $253.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company cut their price target on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Finally, Barclays lowered their price objective on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $275.46.

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.