DoorDash (NASDAQ:DASH) CEO Tony Xu Sells 29,567 Shares

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 29,567 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the completion of the sale, the chief executive officer owned 1,500 shares in the company, valued at $345,000. This represents a 95.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 25th, Tony Xu sold 3,767 shares of DoorDash stock. The stock was sold at an average price of $230.00, for a total transaction of $866,410.00.

DoorDash Trading Up 1.5%

NASDAQ DASH opened at $236.93 on Thursday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a 50 day moving average price of $196.67 and a 200 day moving average price of $176.04. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The firm has a market cap of $102.66 billion, a PE ratio of 124.05 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the business earned $0.65 earnings per share. DoorDash’s revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.46 EPS for the current fiscal year.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. MV Capital Management Inc. purchased a new stake in DoorDash in the fourth quarter valued at $26,000. Washington Trust Advisors Inc. raised its stake in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares during the last quarter. Swiss RE Ltd. purchased a new position in shares of DoorDash during the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash added Kohl’s, Barnes & Noble and Carter’s to its retail delivery offerings, expanding access to roughly 500,000 additional products ahead of the back-to-school season. The move supports DoorDash’s strategy of becoming a broader on-demand commerce platform and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football promotions, including rewards, gift-card incentives, DashPass benefits and contests featuring prizes such as a Dodge Charger. The campaign could improve brand engagement and stimulate food-delivery demand during the football season, though its revenue impact was not quantified. DoorDash college football rewards program
• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company scaling manufacturing. The investment offers a longer-term opportunity to improve delivery speed and efficiency, although it is not expected to materially affect near-term earnings. Airbound raises funding from DoorDash and others
• Neutral Sentiment: DoorDash reported that pecan orders rose 28% as restaurants introduce fall menus earlier. The data highlights seasonal consumer demand and provides marketing value, but does not represent company financial guidance. DoorDash fall flavor data
• Negative Sentiment: Several insiders disclosed sales, including CEO Tony Xu’s sale of 33,334 shares for approximately $7.67 million and director Stanley Tang’s sale of 10,134 shares for about $2.28 million. The general counsel and chief accounting officer also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the size of the CEO’s position reduction may concern investors. DoorDash insider selling

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DASH. DA Davidson dropped their target price on DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Benchmark decreased their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Truist Financial raised their price target on DoorDash from $330.00 to $336.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler restated a “neutral” rating and set a $220.00 price target (up from $205.00) on shares of DoorDash in a research note on Thursday, August 6th. Finally, Wedbush upped their price objective on shares of DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Twenty-three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $254.53.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.