DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu Sells 34,167 Shares

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 34,167 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $240.66, for a total transaction of $8,222,630.22. Following the completion of the sale, the chief executive officer directly owned 520,450 shares of the company's stock, valued at approximately $125,251,497. The trade was a 6.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, June 16th, Tony Xu sold 44,244 shares of DoorDash stock. The shares were sold at an average price of $220.71, for a total transaction of $9,765,093.24.

DoorDash Stock Performance

DoorDash stock traded down $0.05 during midday trading on Thursday, hitting $238.76. 1,699,692 shares of the company were exchanged, compared to its average volume of 4,227,023. The firm has a market capitalization of $101.17 billion, a PE ratio of 310.08 and a beta of 1.70. The business has a fifty day simple moving average of $209.91 and a two-hundred day simple moving average of $192.67. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned ($0.06) earnings per share. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Saudi Central Bank acquired a new position in shares of DoorDash in the first quarter valued at approximately $25,000. WPG Advisers LLC purchased a new position in DoorDash in the first quarter valued at approximately $26,000. Pacific Center for Financial Services acquired a new stake in DoorDash during the 1st quarter worth $27,000. Harbour Investments Inc. lifted its holdings in shares of DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after purchasing an additional 70 shares during the last quarter. Finally, SouthState Corp lifted its stake in DoorDash by 762.5% in the first quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James Financial raised DoorDash from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from $215.00 to $260.00 in a report on Monday, June 23rd. Wells Fargo & Company lowered their price objective on DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Bank of America raised their price objective on shares of DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $230.00 price target on shares of DoorDash in a research report on Wednesday, May 7th. Finally, Citigroup reissued an "outperform" rating on shares of DoorDash in a research note on Thursday, June 12th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $219.32.

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.

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