DoorDash (NASDAQ:DASH) CEO Tony Xu Sells 29,567 Shares

Key Points

• DoorDash CEO Tony Xu sold 29,567 shares at an average of $230 each, worth approximately $6.8 million, under a pre-arranged Rule 10b5-1 trading plan. His direct ownership fell 95.17% to 1,500 shares.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above estimates, but EPS of $0.46 slightly missed consensus and declined from the prior-year period.
• Shares recently traded around $236.93, while analysts maintained a “Moderate Buy” consensus with an average price target of $254.53; however, the stock’s valuation near 124 times earnings remains a risk.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 29,567 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares of the company's stock, valued at approximately $345,000. The trade was a 95.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 25th, Tony Xu sold 3,767 shares of DoorDash stock. The stock was sold at an average price of $230.00, for a total transaction of $866,410.00.

DoorDash Stock Up 1.5%

DoorDash stock traded up $3.43 during trading hours on Wednesday, hitting $236.93. 5,006,095 shares of the stock traded hands, compared to its average volume of 4,787,201. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The firm's 50-day moving average price is $195.24 and its two-hundred day moving average price is $175.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market cap of $102.66 billion, a PE ratio of 124.05 and a beta of 1.78.

DoorDash (NASDAQ:DASH - Get Free Report) last announced 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). The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm's revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. On average, research analysts forecast that DoorDash, Inc. will post 2.46 EPS for the current year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company. The investment could give DoorDash access to technology that may eventually improve delivery speed, geographic reach and operating efficiency, although it is not expected to affect near-term earnings. Airbound raises $37 million from Greenoaks, DoorDash, others; aims to scale up drone delivery
• Positive Sentiment: The company launched a college-football rewards program, including promotional gift cards, free DashPass opportunities for some students and a chance to win a vehicle. The campaign, featuring Reggie Bush, Jameis Winston and Lane Kiffin, may increase customer engagement and order volumes during the football season. DoorDash Launches Season-Long Rewards Program for College Football Fans DoorDash Offers $250 Gift Cards and a Chance to Win a Car This Football Season
• Positive Sentiment: Analysts remain broadly constructive after DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, exceeding expectations. Several firms raised price targets, and the consensus rating remains “Moderate Buy,” with an average target of $254.53. DoorDash analyst and insider trading update
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day days-to-cover ratio. Because the figures appear anomalous, they provide little actionable information about bearish positioning.
• Negative Sentiment: COO Prabir Adarkar and director Stanley Tang disclosed stock sales totaling approximately $22.8 million. The trades were made under pre-arranged Rule 10b5-1 plans and primarily covered tax withholding, reducing their bearish significance, but Tang’s substantial reduction may still concern some investors. DoorDash insider transaction filings
• Negative Sentiment: DoorDash’s latest quarterly EPS slightly missed consensus and declined from the prior-year period. At roughly 120–124 times earnings, the stock also carries a demanding valuation, leaving it vulnerable if growth or profitability disappoints.
• Neutral Sentiment: A head-to-head comparison with Sands China offers no material new information about DoorDash’s fundamentals or outlook. DoorDash versus Sands China comparison

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC raised its position in shares of DoorDash by 1,052.5% during the second quarter. CYBER HORNET ETFs LLC now owns 11,836 shares of the company's stock valued at $2,103,000 after buying an additional 10,809 shares during the last quarter. California State Teachers Retirement System raised its position 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 buying an additional 102,904,566 shares in the last quarter. Greenland Capital Management LP purchased a new stake in DoorDash during the second quarter valued at approximately $246,000. Washington Trust Advisors Inc. raised its holdings in DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after buying an additional 64 shares during the period. Finally, HB Wealth Management LLC raised its stake in shares of DoorDash by 1.9% in the second quarter. HB Wealth Management LLC now owns 7,584 shares of the company's stock valued at $1,400,000 after acquiring an additional 145 shares during the period. Institutional investors own 90.64% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen upped their target price on shares of DoorDash from $225.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Wedbush raised their price objective on shares of DoorDash from $205.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Weiss Ratings reissued a "hold (c)" rating on shares of DoorDash in a report on Friday, August 7th. Jefferies Financial Group boosted their price objective on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group set a $280.00 price objective on DoorDash in a research report on Thursday, May 7th. Twenty-three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and an average target price of $254.53.

About DoorDash

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.

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