DoorDash (NASDAQ:DASH) COO Prabir Adarkar Sells 10,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 10,000 shares of the firm’s 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $182.27 on Thursday. The firm has a market cap of $79.18 billion, a PE ratio of 85.98 and a beta of 1.93. The firm’s fifty day moving average is $166.12 and its 200-day moving average is $203.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The business had revenue of $3.96 billion for 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%.DoorDash’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Sell-side analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On DoorDash

A number of hedge funds have recently bought and sold shares of DASH. Norges Bank bought a new position in DoorDash during the fourth quarter worth $1,093,650,000. Wellington Management Group LLP raised its stake in DoorDash by 593.1% during the fourth quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock worth $1,241,494,000 after buying an additional 4,690,744 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after buying an additional 3,447,754 shares during the last quarter. Coatue Management LLC raised its stake in DoorDash by 77.8% during the fourth quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock worth $988,668,000 after buying an additional 1,910,488 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in DoorDash during the fourth quarter worth $372,128,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DASH. Bank of America lifted their price target on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Sanford C. Bernstein cut their price target on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Stifel Nicolaus cut their price target on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, April 13th. UBS Group cut their price target on shares of DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Wells Fargo & Company cut their price target on shares of DoorDash from $221.00 to $198.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.32.

About DoorDash

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.