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

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, December 27th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $168.53, for a total value of $3,370,600.00.
• 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 value of $3,382,262.04.

DoorDash Trading Up 0.7 %

NASDAQ DASH opened at $185.78 on Thursday. The company has a 50-day moving average price of $174.76 and a two-hundred day moving average price of $150.11. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $186.79. The stock has a market cap of $77.17 billion, a price-to-earnings ratio of -412.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.19) EPS. As a group, equities research analysts expect that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DASH shares. Loop Capital raised their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Susquehanna boosted their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Evercore ISI lifted their target price on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. UBS Group upped their price target on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Nine research 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $178.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. lifted its holdings in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the 4th quarter worth about $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of DoorDash by 34.0% during 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 period. Finally, Hollencrest Capital Management bought a new stake in DoorDash during the third quarter worth approximately $54,000. Institutional investors own 90.64% of the company’s stock.

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.