DoorDash, Inc. (NASDAQ:DASH) CEO Sells $14,686,759.90 in Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) CEO Tony Xu sold 131,590 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, April 16th, Tony Xu sold 132,300 shares of DoorDash stock. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00.
  • On Thursday, March 14th, Tony Xu sold 132,300 shares of DoorDash stock. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00.

DoorDash Trading Down 1.1 %

DASH opened at $113.77 on Friday. The firm has a market cap of $46.52 billion, a P/E ratio of -105.34, a P/E/G ratio of 28.38 and a beta of 1.69. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $143.34. The stock has a 50-day moving average of $120.75 and a 200 day moving average of $116.00.

DoorDash (NASDAQ:DASHGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.41) earnings per share. On average, research analysts forecast that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after buying an additional 2,259,976 shares during the period. Baillie Gifford & Co. boosted its position in shares of DoorDash by 6.4% during the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after buying an additional 772,977 shares during the period. Capital World Investors boosted its position in shares of DoorDash by 0.8% during the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock valued at $1,304,242,000 after buying an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after buying an additional 3,425,115 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent research reports. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a report on Thursday, May 2nd. Oppenheimer raised their target price on DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. UBS Group decreased their target price on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a report on Friday, February 16th. Citigroup raised their target price on DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley raised DoorDash from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $135.00 to $145.00 in a report on Thursday, February 22nd. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.28.

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About DoorDash

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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.

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Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

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