Prabir Adarkar Sells 20,161 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,161 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $4,101,755.45. Following the completion of the sale, the chief operating officer now owns 905,061 shares of the company’s stock, valued at $184,134,660.45. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Prabir Adarkar also recently made the following trade(s):

• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00.
• On Friday, December 27th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $168.53, for a total transaction of $3,370,600.00.

DoorDash Stock Up 3.8 %

Shares of DASH opened at $198.60 on Thursday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The company has a 50-day moving average price of $183.84 and a two-hundred day moving average price of $162.54. The stock has a market cap of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. GeoWealth Management LLC raised its stake in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after acquiring an additional 51 shares during the last quarter. IFP Advisors Inc raised its stake in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. Avestar Capital LLC raised its stake in shares of DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after acquiring an additional 75 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Roth Mkm upped their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Evercore ISI upped their price target on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Bank of America upped their price target on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company upped their price target on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $206.52.

About DoorDash

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.