Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CEO Sells 54,166 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $107.75, for a total value of $5,836,386.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, June 10th, Tony Xu sold 131,590 shares of DoorDash stock. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90.
• 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 value of $17,663,373.00.

DoorDash Stock Performance

DASH stock opened at $107.62 on Friday. The stock has a market capitalization of $44.01 billion, a P/E ratio of -99.65, a PEG ratio of 27.17 and a beta of 1.67. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The company has a 50 day moving average price of $114.00 and a two-hundred day moving average price of $117.31.

DoorDash (NASDAQ:DASH) last released its 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 firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. DoorDash’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.41) EPS. Research analysts forecast that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of DoorDash

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of DoorDash by 8.4% during the 4th 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. grew its stake in shares of DoorDash by 6.4% during the 4th 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 grew its stake in shares of DoorDash by 0.8% during the 1st 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 grew its stake in shares of DoorDash by 4.6% during the 1st 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 grew its stake in shares of DoorDash by 11,416.7% during the 1st 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. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of analyst reports. BMO Capital Markets lowered their price objective on DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Benchmark lowered their price objective on DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Piper Sandler upgraded shares of DoorDash from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $127.00 in a research report on Friday, March 15th. Moffett Nathanson upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and lifted their price target for the company from $118.00 to $164.00 in a research report on Thursday, April 11th. Finally, Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of DoorDash in a research report on Thursday, May 2nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.79.

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.