Key Points
- DoorDash CEO Tony Xu sold 16,667 shares on Dec. 9 at an average price of $230, generating $3.83M and leaving him with 1,500 shares — a 91.74% decrease in his ownership.
- Xu has executed several large insider sales this year (288,410 on Nov. 20, 34,166 on Oct. 1 and 51,250 on Sep. 15), totaling about 390,493 shares for roughly $82.8 million in proceeds.
- For context, DoorDash shares were up ~1.9% on the day, the company has a market cap of about $96.8B, and analysts give a consensus rating of "Moderate Buy" with an average target near $275.91.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 16,667 shares of the company's stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the sale, the chief executive officer owned 1,500 shares of the company's stock, valued at $345,000. This represents a 91.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Tony Xu also recently made the following trade(s):
- On Thursday, November 20th, Tony Xu sold 288,410 shares of DoorDash stock. The stock was sold at an average price of $196.04, for a total transaction of $56,539,896.40.
- On Wednesday, October 1st, Tony Xu sold 34,166 shares of DoorDash stock. The shares were sold at an average price of $268.24, for a total transaction of $9,164,687.84.
- On Monday, September 15th, Tony Xu sold 51,250 shares of DoorDash stock. The shares were sold at an average price of $258.26, for a total transaction of $13,235,825.00.
DoorDash Stock Up 1.9%
NASDAQ DASH opened at $224.52 on Friday. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The stock has a market capitalization of $96.77 billion, a PE ratio of 113.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The business's 50-day moving average is $233.65 and its 200 day moving average is $239.46.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the company earned $0.38 EPS. The company's revenue for the quarter was up 27.3% on a year-over-year basis. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages recently commented on DASH. The Goldman Sachs Group dropped their price target on DoorDash from $315.00 to $279.00 and set a "buy" rating for the company in a research note on Friday, November 7th. Bank of America cut their target price on shares of DoorDash from $325.00 to $305.00 and set a "buy" rating on the stock in a research note on Thursday, November 6th. Oppenheimer reiterated an "outperform" rating and set a $280.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Benchmark raised their price objective on shares of DoorDash from $315.00 to $320.00 and gave the stock a "buy" rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC reduced their target price on DoorDash from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $275.91.
Check Out Our Latest Report on DASH
Hedge Funds Weigh In On DoorDash
Several large investors have recently made changes to their positions in the business. Physician Wealth Advisors Inc. boosted its position in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Sunbelt Securities Inc. raised its stake in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after buying an additional 67 shares during the last quarter. GFG Capital LLC bought a new stake in DoorDash in the second quarter worth $30,000. Morse Asset Management Inc purchased a new stake in shares of DoorDash in the third quarter worth $36,000. Finally, Saudi Central Bank bought a new position in shares of DoorDash during the first quarter valued at $25,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
DoorDash Company Profile
(
Get Free Report)
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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