Insider Selling: DoorDash (NASDAQ:DASH) CEO Sells $6,800,410.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 29,567 shares of DoorDash stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the sale, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. The trade was a 95.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 25th, Tony Xu sold 3,767 shares of DoorDash stock. The shares were sold at an average price of $230.00, for a total value of $866,410.00.

DoorDash Stock Up 1.5%

Shares of DASH stock traded up $3.43 during mid-day trading on Wednesday, hitting $236.93. The stock had a trading volume of 5,006,095 shares, compared to its average volume of 4,787,201. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The firm’s 50-day moving average is $195.24 and its two-hundred day moving average is $175.67. The firm has a market capitalization of $102.66 billion, a P/E ratio of 124.05 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s revenue was up 35.6% on a year-over-year basis. On average, analysts predict that DoorDash, Inc. will post 2.46 earnings per share for the current fiscal year.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company. The investment could give DoorDash access to technology that may eventually improve delivery speed, geographic reach and operating efficiency, although it is not expected to affect near-term earnings. Airbound raises $37 million from Greenoaks, DoorDash, others; aims to scale up drone delivery
• Positive Sentiment: The company launched a college-football rewards program, including promotional gift cards, free DashPass opportunities for some students and a chance to win a vehicle. The campaign, featuring Reggie Bush, Jameis Winston and Lane Kiffin, may increase customer engagement and order volumes during the football season. DoorDash Launches Season-Long Rewards Program for College Football Fans DoorDash Offers $250 Gift Cards and a Chance to Win a Car This Football Season
• Positive Sentiment: Analysts remain broadly constructive after DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, exceeding expectations. Several firms raised price targets, and the consensus rating remains “Moderate Buy,” with an average target of $254.53. DoorDash analyst and insider trading update
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day days-to-cover ratio. Because the figures appear anomalous, they provide little actionable information about bearish positioning.
• Negative Sentiment: COO Prabir Adarkar and director Stanley Tang disclosed stock sales totaling approximately $22.8 million. The trades were made under pre-arranged Rule 10b5-1 plans and primarily covered tax withholding, reducing their bearish significance, but Tang’s substantial reduction may still concern some investors. DoorDash insider transaction filings
• Negative Sentiment: DoorDash’s latest quarterly EPS slightly missed consensus and declined from the prior-year period. At roughly 120–124 times earnings, the stock also carries a demanding valuation, leaving it vulnerable if growth or profitability disappoints.
• Neutral Sentiment: A head-to-head comparison with Sands China offers no material new information about DoorDash’s fundamentals or outlook. DoorDash versus Sands China comparison

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup reissued a “market outperform” rating on shares of DoorDash in a research report on Monday. Piper Sandler reaffirmed a “neutral” rating and set a $220.00 target price (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Wedbush upped their price target on shares of DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. TD Cowen upped their price objective on DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, UBS Group raised their target price on DoorDash from $223.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $254.53.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC grew its holdings in DoorDash by 1,052.5% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 11,836 shares of the company’s stock valued at $2,103,000 after buying an additional 10,809 shares in the last quarter. California State Teachers Retirement System boosted its stake in DoorDash by 16,825.6% during the second quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock worth $19,101,838,000 after buying an additional 102,904,566 shares during the period. Greenland Capital Management LP acquired a new stake in DoorDash in the 2nd quarter valued at approximately $246,000. Washington Trust Advisors Inc. grew its stake in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in DoorDash by 1.9% in the 2nd quarter. HB Wealth Management LLC now owns 7,584 shares of the company’s stock valued at $1,400,000 after acquiring an additional 145 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.