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DoorDash (NASDAQ:DASH) Chief Executive Officer Tony Xu sold a total of 34,166 shares of Class A Common Stock on July 25 and July 28. The sales, totaling approximately $8.5 million, were executed at prices ranging from $250.00 to $250.63. The transactions come as DoorDash stock trades near its 52-week high of $250.71, having delivered an impressive 132% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.
Specifically, on July 25, Xu sold 30,124 shares at a weighted average price of $250.022, for a total of $7,531,693. Then, on July 28, he sold 4,042 shares at a weighted average price of $250.279, for a total of $1,011,602. The sales were conducted under a Rule 10b5-1 trading plan adopted on March 8, 2025. The company, now valued at over $104 billion, maintains strong financial health with a current ratio of 1.72 and minimal debt relative to equity.
On the same dates, Xu also exercised options to acquire 34,166 shares of Class A Common Stock at a price of $7.16 per share, for a total value of $244,628.
Following these transactions, Xu directly owns 520,450 shares of DoorDash Class A Common Stock. Additionally, 83 shares are held indirectly by The Article 4 Trust under TXX Family Trust, for which Xu serves as a trustee.
In other recent news, DoorDash has seen a series of analyst upgrades to its stock price target, reflecting optimism about its upcoming financial performance. Truist Securities increased its price target for DoorDash to $272, citing expectations that the company will surpass second-quarter earnings estimates. Similarly, Raymond (NSE:RYMD) James raised its target to $275, supported by an optimistic outlook on DoorDash’s advertising revenue, which has reached a $1 billion run-rate. Bernstein also adjusted its target to $265, expressing confidence in DoorDash’s strong fundamentals and projecting growth in Gross Order Value. Benchmark set a new target of $260, anticipating results at the high end of guidance for gross order value and adjusted EBITDA. Loop Capital made the most significant adjustment, raising its target to $305 and highlighting DoorDash’s potential in local commerce, particularly in the restaurant sector. These recent developments underscore a positive sentiment among analysts regarding DoorDash’s growth prospects and financial health.
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