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

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $184.85, for a total value of $3,697,000.00. Following the completion of the sale, the chief operating officer now directly owns 887,348 shares in the company, valued at $164,026,277.80. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 28th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $185.58, for a total value of $3,711,600.00.
• On Thursday, February 20th, Prabir Adarkar sold 20,161 shares of DoorDash stock. The stock was sold at an average price of $203.45, for a total value of $4,101,755.45.

DoorDash Stock Up 0.1 %

Shares of DoorDash stock opened at $187.88 on Tuesday. The firm has a market cap of $78.93 billion, a price-to-earnings ratio of 695.85 and a beta of 1.69. The business has a 50-day moving average price of $185.58 and a 200-day moving average price of $178.49. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after acquiring an additional 317,502 shares during the last quarter. Capital World Investors lifted its holdings in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after acquiring an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after acquiring an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of DoorDash by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock valued at $763,198,000 after acquiring an additional 86,667 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DASH shares. FBN Securities assumed coverage on shares of DoorDash in a research note on Friday, March 28th. They set an “outperform” rating and a $230.00 target price on the stock. Bank of America reduced their price target on shares of DoorDash from $245.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group lifted their price target on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of DoorDash from $198.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 3rd. Finally, Citigroup reiterated an “outperform” rating on shares of DoorDash in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $209.66.

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.