DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 30,000 Shares

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 30,000 shares of DoorDash stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $240.47, for a total value of $7,214,100.00. Following the completion of the transaction, the chief operating officer owned 942,554 shares in the company, valued at $226,655,960.38. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, May 20th, Prabir Adarkar sold 15,660 shares of DoorDash stock. The stock was sold at an average price of $199.90, for a total value of $3,130,434.00.
• On Friday, May 23rd, Prabir Adarkar sold 62,267 shares of DoorDash stock. The shares were sold at an average price of $202.67, for a total transaction of $12,619,652.89.
• On Thursday, April 24th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $184.85, for a total transaction of $3,697,000.00.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $238.76 on Friday. The business’s fifty day moving average price is $210.94 and its two-hundred day moving average price is $193.08. The stock has a market cap of $101.17 billion, a PE ratio of 310.08 and a beta of 1.70. DoorDash, Inc. has a one year low of $99.32 and a one year high of $248.74.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) earnings per share. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. City Center Advisors LLC purchased a new stake in shares of DoorDash during the second quarter worth about $440,000. Kera Capital Partners Inc. boosted its position in DoorDash by 68.0% during the second quarter. Kera Capital Partners Inc. now owns 3,031 shares of the company’s stock worth $747,000 after acquiring an additional 1,227 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in DoorDash in the 1st quarter worth approximately $2,430,000. Swedbank AB raised its holdings in DoorDash by 8.1% in the 1st quarter. Swedbank AB now owns 184,849 shares of the company’s stock valued at $33,785,000 after acquiring an additional 13,794 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of DoorDash by 215.5% during the 1st quarter. Voya Investment Management LLC now owns 83,640 shares of the company’s stock worth $15,287,000 after purchasing an additional 57,130 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DASH shares. KeyCorp dropped their price target on shares of DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Roth Capital set a $191.00 price objective on DoorDash and gave the company a “neutral” rating in a report on Wednesday, May 7th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a research note on Tuesday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $230.00 price target on shares of DoorDash in a report on Wednesday, May 7th. Finally, Needham & Company LLC upped their price objective on DoorDash from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $219.32.

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.