DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu Sells 81,249 Shares

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 23rd, Tony Xu sold 54,166 shares of DoorDash stock. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96.
• On Tuesday, August 6th, Tony Xu sold 54,166 shares of DoorDash stock. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $151.40 on Friday. The stock has a market capitalization of $61.91 billion, a price-to-earnings ratio of -140.19, a PEG ratio of 425.82 and a beta of 1.70. The firm’s 50 day simple moving average is $134.69 and its 200-day simple moving average is $122.97. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $152.11.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.44) EPS. Analysts anticipate that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. increased its position in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new stake in DoorDash in the 2nd quarter worth $32,000. Versant Capital Management Inc raised its position in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the period. ORG Partners LLC raised its position in DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares during the period. Finally, Quest Partners LLC lifted its holdings in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DASH. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research note on Wednesday, September 25th. Raymond James began coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective for the company. Barclays upped their price objective on DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Oppenheimer lifted their target price on DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC upped their price target on shares of DoorDash from $137.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.63.

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.