Prabir Adarkar Sells 17,126 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 17,126 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $3,778,338.12. Following the completion of the transaction, the chief operating officer owned 941,950 shares of the company’s stock, valued at $207,813,009. This trade represents a 1.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 26th, Prabir Adarkar sold 21,739 shares of DoorDash stock. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75.

DoorDash Stock Up 1.9%

DoorDash stock opened at $233.50 on Wednesday. The business’s 50-day simple moving average is $195.24 and its two-hundred day simple moving average is $175.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $101.18 billion, a PE ratio of 122.25 and a beta of 1.78. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data 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 firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. Equities analysts anticipate that DoorDash, Inc. will post 2.46 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of DoorDash from $223.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Wedbush increased their price objective on shares of DoorDash from $205.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Benchmark reduced their target price on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Susquehanna boosted their target price on shares of DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Finally, Argus set a $190.00 price target on shares of DoorDash in a report on Thursday, June 11th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $254.53.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. California State Teachers Retirement System boosted its holdings 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 in the last quarter. Vanguard Group Inc. grew its position in DoorDash by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after buying an additional 713,571 shares during the period. SC US Ttgp LTD. increased its holdings in DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after buying an additional 506,358 shares in the last quarter. Morgan Stanley increased its holdings in DoorDash by 2.3% in the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after buying an additional 391,596 shares in the last quarter. Finally, State Street Corp raised its position in shares of DoorDash by 3.0% in the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after acquiring an additional 464,448 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash participated in Airbound’s $37 million funding round. Airbound is developing delivery drones and will use the capital to expand manufacturing, potentially giving DoorDash access to technology that could improve delivery speed and long-term delivery economics. The investment is a strategic, rather than near-term earnings, catalyst. Airbound funding article
• Positive Sentiment: DoorDash launched a season-long college football rewards program and a related campaign featuring Reggie Bush, Jameis Winston and Lane Kiffin. The promotions could increase brand awareness, customer engagement and order volume during the football season, although no financial targets were provided. College football rewards program
• Positive Sentiment: Analyst sentiment remains favorable: the consensus rating is “Moderate Buy,” with a reported average price target of $254.53. TD Cowen, Truist Financial and Susquehanna recently raised their targets, reinforcing expectations for continued growth. DoorDash’s latest revenue rose 35.6% year over year to $4.45 billion, exceeding estimates, despite a slight earnings-per-share miss. DoorDash analyst and trading coverage
• Neutral Sentiment: COO Prabir Adarkar and director Stanley Tang reported multiple stock sales totaling approximately $22.8 million. The transactions were made under a pre-arranged Rule 10b5-1 plan and to cover tax withholding on vested equity awards, reducing their bearish significance, though the size of the sales may draw investor attention. DoorDash insider transaction filings
• Neutral Sentiment: Reported short-interest data shows zero shares and a zero-day days-to-cover ratio, but the stated “increase” is mathematically unavailable because both periods reported zero shares. The data therefore offers no meaningful short-squeeze or short-selling signal.

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.