Tony Xu Sells 54,166 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, August 6th, Tony Xu sold 54,166 shares of DoorDash stock. The stock was sold at an average price of $123.43, for a total transaction of $6,685,709.38.
• On Monday, July 15th, Tony Xu sold 54,166 shares of DoorDash stock. The stock was sold at an average price of $104.96, for a total transaction of $5,685,263.36.
• On Monday, July 1st, Tony Xu sold 54,166 shares of DoorDash stock. The stock was sold at an average price of $107.75, for a total value of $5,836,386.50.

DoorDash Price Performance

DASH opened at $143.02 on Friday. The company has a market capitalization of $58.86 billion, a PE ratio of -132.43, a price-to-earnings-growth ratio of 295.70 and a beta of 1.69. The business has a 50-day moving average of $124.38 and a 200-day moving average of $121.86. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $146.36.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. DoorDash’s revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) EPS. On average, equities research analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Roth Mkm increased their price target on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Wolfe Research assumed coverage on DoorDash in a research report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 price target on the stock. Needham & Company LLC lifted their price objective on shares of DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Piper Sandler reissued a “neutral” rating and issued a $125.00 price target (up previously from $115.00) on shares of DoorDash in a research note on Friday, August 2nd. Finally, Redburn Atlantic began coverage on shares of DoorDash in a research note on Friday, July 26th. They set a “buy” rating and a $170.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $145.50.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently modified their holdings of the business. Paragon Capital Management Inc. acquired a new position in DoorDash during the second quarter worth $1,309,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of DoorDash in the second quarter valued at approximately $3,812,000. Sanctuary Advisors LLC acquired a new stake in shares of DoorDash in the second quarter worth $779,000. Dana Investment Advisors Inc. boosted its holdings in shares of DoorDash by 7.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 38,935 shares of the company’s stock worth $4,235,000 after buying an additional 2,692 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in DoorDash by 0.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 155,950 shares of the company’s stock valued at $16,964,000 after buying an additional 605 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.