Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CEO Sells 132,300 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 132,300 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, March 14th, Tony Xu sold 132,300 shares of DoorDash stock. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00.

DoorDash Trading Down 0.6 %

Shares of DoorDash stock traded down $0.80 on Thursday, hitting $130.10. The stock had a trading volume of 2,705,671 shares, compared to its average volume of 3,578,528. The company’s 50 day moving average price is $129.98 and its 200 day moving average price is $106.26. The stock has a market cap of $52.56 billion, a price-to-earnings ratio of -92.63, a P/E/G ratio of 15.69 and a beta of 1.79. DoorDash, Inc. has a 52-week low of $56.59 and a 52-week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. DoorDash’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.63) EPS. Analysts predict that DoorDash, Inc. will post 0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DASH. Mizuho increased their price objective on shares of DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 16th. Susquehanna lifted their target price on shares of DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada raised shares of DoorDash from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $175.00 in a research report on Monday, March 4th. Finally, Wells Fargo & Company increased their price objective on DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of DoorDash by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after buying an additional 2,259,976 shares during the last quarter. Morgan Stanley raised its stake in DoorDash by 5.0% during the 4th quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock valued at $1,419,988,000 after acquiring an additional 1,384,006 shares during the last quarter. BlackRock Inc. lifted its position in DoorDash by 4.1% during the 1st quarter. BlackRock Inc. now owns 13,058,004 shares of the company’s stock worth $829,967,000 after acquiring an additional 509,207 shares during the period. Baillie Gifford & Co. grew its stake in shares of DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after purchasing an additional 772,977 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of DoorDash by 0.6% in the fourth quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock valued at $929,145,000 after purchasing an additional 60,033 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.