Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CEO Sells 108,334 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 108,334 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $270,105. The trade was a 98.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63.
• On Monday, September 23rd, Tony Xu sold 54,166 shares of DoorDash stock. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96.

DoorDash Trading Up 1.1 %

Shares of NASDAQ:DASH opened at $180.48 on Friday. The stock has a market capitalization of $74.97 billion, a P/E ratio of -401.07, a P/E/G ratio of 13.72 and a beta of 1.67. DoorDash, Inc. has a 1-year low of $92.58 and a 1-year high of $181.30. The business has a 50-day moving average price of $157.29 and a two-hundred day moving average price of $130.64.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Meeder Asset Management Inc. increased its position in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DoorDash during the 2nd quarter worth $32,000. Versant Capital Management Inc raised its stake in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after buying an additional 259 shares during the period. Finally, Quest Partners LLC lifted its holdings in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DASH. KeyCorp raised their target price on DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Loop Capital lifted their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group upped their target price on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Bank of America raised their price target on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer upped their price objective on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $166.06.

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.