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

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $111.61, for a total transaction of $14,686,759.90. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $133.51, for a total transaction 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 transaction of $17,458,308.00.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded up $0.76 during mid-day trading on Tuesday, hitting $113.01. 1,989,045 shares of the company traded hands, compared to its average volume of 3,923,720. The firm has a market cap of $46.21 billion, a P/E ratio of -103.94, a PEG ratio of 28.64 and a beta of 1.69. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34. The firm’s 50 day simple moving average is $122.13 and its 200 day simple moving average is $115.88.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. DoorDash’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) EPS. Equities research analysts expect that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in DoorDash by 1.7% during the 3rd quarter. Amalgamated Bank now owns 32,653 shares of the company’s stock worth $2,595,000 after acquiring an additional 550 shares during the period. Janney Montgomery Scott LLC boosted its position in DoorDash by 66.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,343 shares of the company’s stock worth $1,060,000 after acquiring an additional 5,343 shares during the period. Charles Schwab Investment Management Inc. boosted its position in DoorDash by 14.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,098,708 shares of the company’s stock worth $87,314,000 after acquiring an additional 141,787 shares during the period. Van ECK Associates Corp boosted its position in DoorDash by 318.0% during the 3rd quarter. Van ECK Associates Corp now owns 33,661 shares of the company’s stock worth $2,675,000 after acquiring an additional 25,608 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in DoorDash during the 3rd quarter worth $316,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Roth Mkm reduced their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Citigroup boosted their price objective on shares of DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Mizuho boosted their price objective on shares of DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Truist Financial cut their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Oppenheimer boosted their price objective on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.28.

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.