DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 20,161 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,161 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $4,101,755.45. Following the transaction, the chief operating officer now directly owns 905,061 shares of the company’s stock, valued at $184,134,660.45. This represents a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00.
• 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.

DoorDash Stock Performance

Shares of DASH stock opened at $195.87 on Tuesday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The company has a 50-day simple moving average of $182.89 and a two-hundred day simple moving average of $161.81. The company has a market capitalization of $82.28 billion, a price-to-earnings ratio of 725.44 and a beta of 1.72.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently modified their holdings of DASH. Rakuten Securities Inc. lifted its holdings in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the 4th quarter worth $29,000. Denver PWM LLC purchased a new position in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash during the fourth quarter worth about $36,000. 90.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DASH. Barclays lifted their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. KeyCorp lifted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Wolfe Research boosted their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Loop Capital raised their price target on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday. Finally, Bank of America upped their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $206.52.

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.