Tony Xu Sells 80,000 Shares of DoorDash, Inc. (NYSE:DASH) Stock

DoorDash, Inc. (NYSE:DASH) CEO Tony Xu sold 80,000 shares of the company’s stock in a transaction on Tuesday, January 11th. The shares were sold at an average price of $141.90, for a total transaction of $11,352,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, December 13th, Tony Xu sold 80,000 shares of DoorDash stock. The shares were sold at an average price of $154.31, for a total transaction of $12,344,800.00.
  • On Tuesday, November 16th, Tony Xu sold 80,000 shares of DoorDash stock. The shares were sold at an average price of $237.50, for a total transaction of $19,000,000.00.

Shares of NYSE DASH opened at $131.53 on Friday. The stock has a market cap of $45.12 billion and a price-to-earnings ratio of -36.43. DoorDash, Inc. has a 52 week low of $110.13 and a 52 week high of $257.25. The company’s 50-day moving average price is $169.39 and its 200 day moving average price is $186.09.

DoorDash (NYSE:DASH) last issued its quarterly earnings data on Tuesday, November 9th. The company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.03). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.18 billion. On average, analysts predict that DoorDash, Inc. will post -1.18 earnings per share for the current year.

Several research firms recently commented on DASH. Susquehanna Bancshares upped their price target on shares of DoorDash from $220.00 to $260.00 and gave the company a “positive” rating in a research report on Thursday, November 11th. KGI Securities raised shares of DoorDash from a “neutral” rating to an “outperform” rating in a research note on Monday, November 22nd. Gordon Haskett raised shares of DoorDash from a “hold” rating to a “buy” rating and dropped their price objective for the company from $230.00 to $217.00 in a research note on Wednesday, December 1st. Piper Sandler boosted their price objective on shares of DoorDash from $221.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, November 10th. Finally, Truist boosted their price objective on shares of DoorDash from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, DoorDash currently has a consensus rating of “Buy” and an average target price of $228.68.

A number of large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in DoorDash by 46.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,011,650 shares of the company’s stock valued at $2,498,698,000 after purchasing an additional 4,442,806 shares in the last quarter. Morgan Stanley lifted its holdings in DoorDash by 10.0% in the 3rd quarter. Morgan Stanley now owns 13,408,209 shares of the company’s stock valued at $2,761,824,000 after purchasing an additional 1,218,681 shares in the last quarter. Coatue Management LLC lifted its holdings in DoorDash by 4.3% in the 2nd quarter. Coatue Management LLC now owns 9,659,319 shares of the company’s stock valued at $1,722,546,000 after purchasing an additional 401,135 shares in the last quarter. Sands Capital Management LLC lifted its holdings in DoorDash by 24.9% in the 3rd quarter. Sands Capital Management LLC now owns 8,166,440 shares of the company’s stock valued at $1,682,123,000 after purchasing an additional 1,626,033 shares in the last quarter. Finally, Lone Pine Capital LLC lifted its holdings in DoorDash by 11.0% in the 2nd quarter. Lone Pine Capital LLC now owns 7,460,157 shares of the company’s stock valued at $1,330,370,000 after purchasing an additional 736,606 shares in the last quarter. Institutional investors own 75.11% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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Insider Buying and Selling by Quarter for DoorDash (NYSE:DASH)

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