Insider Selling: DoorDash (NASDAQ:DASH) CEO Sells $866,410.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 3,767 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $230.00, for a total value of $866,410.00. Following the completion of the sale, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at approximately $345,000. This trade represents a 71.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 24th, Tony Xu sold 29,567 shares of DoorDash stock. The stock was sold at an average price of $230.00, for a total value of $6,800,410.00.

DoorDash Stock Performance

Shares of DASH stock opened at $236.74 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The stock has a 50 day moving average price of $199.10 and a two-hundred day moving average price of $176.81. The company has a market capitalization of $102.58 billion, a P/E ratio of 123.95 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. Analysts expect that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in shares of DoorDash by 16,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock valued at $19,101,838,000 after purchasing an additional 102,904,566 shares in the last quarter. Norges Bank purchased a new stake in DoorDash in the fourth quarter worth about $1,093,650,000. Wellington Management Group LLP lifted its holdings in DoorDash by 593.1% in the fourth quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock worth $1,241,494,000 after buying an additional 4,690,744 shares during the period. Price T Rowe Associates Inc. MD boosted its position in DoorDash by 32.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after acquiring an additional 3,447,754 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in DoorDash by 40.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after acquiring an additional 2,225,954 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DASH. Barclays cut shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday. UBS Group raised their target price on DoorDash from $223.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. TD Cowen boosted their price target on DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Susquehanna upped their price target on DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Finally, BTIG Research reiterated a “buy” rating and issued a $225.00 price objective on shares of DoorDash in a report on Thursday, August 6th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $254.53.

DoorDash Company Profile

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.