Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CEO Sells 51,250 Shares of Stock

Key Points

• Tony Xu, CEO of DoorDash, sold 51,250 shares of the company's stock at an average price of $255.89, totaling approximately $13.1 million, reducing his ownership by 8.96%.
• DoorDash's stock price declined 3.8% to $254.20, with a market capitalization around $107.71 billion and a price-to-earnings ratio of 141.22.
• The company posted earnings per share (EPS) of $0.65 for the last quarter, exceeding expectations and showing a 24.9% increase in revenue year over year.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 51,250 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $255.89, for a total value of $13,114,362.50. Following the completion of the transaction, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $133,177,950.50. This represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, July 25th, Tony Xu sold 30,124 shares of DoorDash stock. The stock was sold at an average price of $250.02, for a total value of $7,531,602.48.
• On Monday, July 28th, Tony Xu sold 4,042 shares of DoorDash stock. The stock was sold at an average price of $250.28, for a total value of $1,011,631.76.
• On Tuesday, July 15th, Tony Xu sold 34,167 shares of DoorDash stock. The stock was sold at an average price of $236.80, for a total value of $8,090,745.60.
• On Tuesday, July 1st, Tony Xu sold 34,167 shares of DoorDash stock. The stock was sold at an average price of $240.66, for a total value of $8,222,630.22.
• 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 value of $9,765,093.24.

DoorDash Stock Performance

DASH stock traded up $2.10 during trading on Monday, hitting $250.10. 549,595 shares of the company traded hands, compared to its average volume of 4,731,900. The stock's 50-day simple moving average is $239.89 and its 200 day simple moving average is $209.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $106.84 billion, a PE ratio of 138.94 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $122.32 and a 1 year high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%. DoorDash's quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned ($0.38) earnings per share. On average, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DASH shares. Roth Capital boosted their target price on DoorDash from $191.00 to $225.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. JMP Securities boosted their target price on DoorDash from $250.00 to $335.00 and gave the company a "market outperform" rating in a research report on Thursday, August 7th. Raymond James Financial reissued a "strong-buy" rating and set a $325.00 target price (up previously from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. BMO Capital Markets boosted their target price on DoorDash from $238.00 to $288.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Piper Sandler upped their price objective on DoorDash from $210.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Thirteen analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $263.88.

Institutional Trading of DoorDash

Several institutional investors have recently bought and sold shares of the business. Gilbert & Cook Inc. grew its holdings in DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company's stock valued at $415,000 after purchasing an additional 42 shares during the period. Perigon Wealth Management LLC increased its stake in shares of DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company's stock worth $912,000 after purchasing an additional 46 shares in the last quarter. Advisory Resource Group increased its stake in shares of DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company's stock worth $1,423,000 after purchasing an additional 48 shares in the last quarter. GeoWealth Management LLC increased its stake in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares in the last quarter. Finally, Yeomans Consulting Group Inc. increased its stake in shares of DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company's stock worth $326,000 after purchasing an additional 51 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

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.