Insider Selling: DoorDash (NASDAQ:DASH) COO Sells 10,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the sale, the chief operating officer owned 843,678 shares in the company, valued at $158,898,314.52. This represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 23rd, Prabir Adarkar sold 10,000 shares of DoorDash stock. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00.

DoorDash Stock Down 0.1%

DASH traded down $0.18 during trading hours on Wednesday, reaching $182.27. 3,413,719 shares of the stock traded hands, compared to its average volume of 4,880,104. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a market cap of $79.18 billion, a price-to-earnings ratio of 85.98 and a beta of 1.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The firm’s fifty day simple moving average is $165.99 and its two-hundred day simple moving average is $204.06.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DASH has been the subject of a number of analyst reports. Oppenheimer reduced their price target on DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. BTIG Research dropped their price objective on DoorDash from $315.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, April 10th. BNP Paribas Exane assumed coverage on DoorDash in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 target price on the stock. The Goldman Sachs Group set a $267.00 target price on DoorDash in a research note on Monday, February 2nd. Finally, Moffett Nathanson set a $276.00 price target on shares of DoorDash in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.32.

Hedge Funds Weigh In On DoorDash

Several large investors have recently added to or reduced their stakes in DASH. Physician Wealth Advisors Inc. lifted its holdings in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. MV Capital Management Inc. bought a new position in shares of DoorDash during the fourth quarter valued at approximately $26,000. Eastern Bank grew its holdings in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the period. Finally, Swiss RE Ltd. acquired a new stake in shares of DoorDash during the 4th quarter worth approximately $28,000. 90.64% of the stock is currently owned by institutional investors.

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.