DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 20,000 Shares

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the completion of the sale, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at $155,927,663.66. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, November 20th, Prabir Adarkar sold 19,898 shares of DoorDash stock. The stock was sold at an average price of $169.98, for a total transaction of $3,382,262.04.
• On Tuesday, October 15th, Prabir Adarkar sold 32,124 shares of DoorDash stock. The stock was sold at an average price of $147.99, for a total value of $4,754,030.76.

DoorDash Trading Down 1.1 %

Shares of NASDAQ DASH traded down $1.85 during mid-day trading on Tuesday, reaching $167.75. The company had a trading volume of 1,228,489 shares, compared to its average volume of 3,673,427. DoorDash, Inc. has a 52-week low of $93.33 and a 52-week high of $181.78. The stock has a market cap of $69.68 billion, a P/E ratio of -372.78, a PEG ratio of 13.56 and a beta of 1.70. The firm has a 50 day simple moving average of $169.95 and a two-hundred day simple moving average of $140.30.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) EPS. On average, equities analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho increased their price target on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KeyCorp increased their target price on shares of DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Piper Sandler boosted their price target on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their target price on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $168.39.

Institutional Investors Weigh In On DoorDash

Several large investors have recently modified their holdings of DASH. Principal Financial Group Inc. raised its position in DoorDash by 25.0% in the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock valued at $12,958,000 after purchasing an additional 18,155 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in DoorDash by 1.1% in the third quarter. Lord Abbett & CO. LLC now owns 750,119 shares of the company’s stock valued at $107,064,000 after purchasing an additional 8,195 shares during the period. Franklin Resources Inc. raised its holdings in shares of DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after buying an additional 501,905 shares during the last quarter. Tri Ri Asset Management Corp acquired a new stake in shares of DoorDash during the third quarter worth about $6,250,000. Finally, Tidal Investments LLC grew its holdings in shares of DoorDash by 19.9% during the third quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock worth $1,759,000 after buying an additional 2,049 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Company Profile

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.