Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CEO Sells 108,332 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 108,332 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $255,525. This represents a 98.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, December 16th, Tony Xu sold 108,332 shares of DoorDash stock. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68.
• On Monday, December 2nd, Tony Xu sold 115,432 shares of DoorDash stock. The stock was sold at an average price of $177.01, for a total transaction of $20,432,618.32.
• On Tuesday, November 26th, Tony Xu sold 108,334 shares of DoorDash stock. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38.
• On Friday, November 15th, Tony Xu sold 108,332 shares of DoorDash stock. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00.
• On Tuesday, October 15th, Tony Xu sold 81,249 shares of DoorDash stock. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63.

DoorDash Trading Up 2.5 %

NASDAQ:DASH traded up $4.31 during midday trading on Friday, reaching $174.96. The company had a trading volume of 1,925,875 shares, compared to its average volume of 2,120,087. DoorDash, Inc. has a 12-month low of $93.33 and a 12-month high of $181.78. The firm has a market capitalization of $72.68 billion, a price-to-earnings ratio of -388.80, a PEG ratio of 13.56 and a beta of 1.70. The stock's fifty day simple moving average is $170.94 and its 200-day simple moving average is $141.09.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter last year, the business posted ($0.19) EPS. The business's quarterly revenue was up 25.0% compared to the same quarter last year. As a group, sell-side analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DASH shares. Susquehanna boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. Loop Capital raised their target price on shares of DoorDash from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Cantor Fitzgerald restated an "overweight" rating and issued a $160.00 price target on shares of DoorDash in a research report on Monday, October 7th. BTIG Research upgraded DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research report on Thursday, September 19th. Finally, Citigroup upped their target price on DoorDash from $155.00 to $211.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.42.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently modified their holdings of the company. Rakuten Securities Inc. grew its stake in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of DoorDash during the 2nd quarter worth about $32,000. Meeder Asset Management Inc. boosted its position in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Quest Partners LLC increased its holdings in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock valued at $37,000 after acquiring an additional 204 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of DoorDash during the 3rd quarter worth about $54,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

About DoorDash

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.