Tony Xu Sells 29,567 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 29,567 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $230.00, for a total value of $6,800,410.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 95.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $230.00, for a total value of $866,410.00.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $231.89 on Friday. The business’s 50-day simple moving average is $197.83 and its 200-day simple moving average is $176.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The firm has a market cap of $100.48 billion, a price-to-earnings ratio of 121.41 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share 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 company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities research analysts expect 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 expanded its retail marketplace by adding Kohl’s, Barnes & Noble and Carter’s, bringing approximately 500,000 additional products to its platform ahead of the back-to-school season. The move supports DoorDash’s strategy to diversify beyond restaurant delivery and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football season promotions featuring rewards, gift-card offers, DashPass perks and prize contests. The campaign could strengthen customer engagement and support delivery demand, although no financial impact was provided. DoorDash college football promotion
• Neutral Sentiment: DoorDash reported that pecan orders increased 28% as restaurants rolled out fall menus earlier. The data illustrates seasonal demand and offers marketing exposure, but it is not company guidance or a material financial forecast. DoorDash fall flavor data
• Negative Sentiment: Several executives and directors disclosed stock sales: COO Prabir Adarkar sold 55,289 shares for about $12.8 million; CEO Tony Xu sold 33,334 shares for roughly $7.7 million; and Director Stanley Tang sold 10,134 shares for approximately $2.3 million. The general counsel and chief accounting officer also sold shares. All transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their value as a bearish signal, but the scale of the sales—particularly Xu’s sharply reduced ownership—could still weigh on sentiment. DoorDash insider sales

Institutional Trading of DoorDash

Several institutional investors have recently modified their holdings of the company. Brighton Jones LLC boosted its stake in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after buying an additional 303 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after acquiring an additional 285 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in shares of DoorDash during the 2nd quarter valued at about $222,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of DoorDash in a research report on Thursday, August 6th. Susquehanna upped their price target on shares of DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a report on Friday, August 7th. The Goldman Sachs Group set a $280.00 price target on DoorDash in a research report on Thursday, May 7th. Finally, KeyCorp lowered their price target on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.53.

DoorDash Company Profile

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.