DoorDash (NASDAQ:DASH) COO Sells $3,374,979.75 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the transaction, the chief operating officer directly owned 959,076 shares in the company, valued at $148,896,549. The trade was a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 20th, Prabir Adarkar sold 10,000 shares of DoorDash stock. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00.
• 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 value of $1,589,700.00.

DoorDash Stock Performance

Shares of DoorDash stock traded down $0.88 on Thursday, hitting $156.70. The stock had a trading volume of 4,373,274 shares, compared to its average volume of 4,921,022. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The business’s 50 day moving average is $162.58 and its two-hundred day moving average is $187.84. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a market cap of $68.28 billion, a price-to-earnings ratio of 74.62 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current year.

Analyst Ratings Changes

DASH has been the topic of a number of analyst reports. Cantor Fitzgerald reduced their price target on DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Benchmark increased their price target on DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Barclays dropped their price target on DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Rothschild & Co Redburn set a $350.00 target price on DoorDash in a report on Tuesday, May 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of DoorDash in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.58.

Institutional Trading of DoorDash

Several large investors have recently made changes to their positions in DASH. Physician Wealth Advisors Inc. grew its stake in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the period. Eastern Bank grew its stake in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. MV Capital Management Inc. acquired a new stake in shares of DoorDash in the 4th quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in shares of DoorDash in the 4th quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of DoorDash in the 4th quarter valued at about $29,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.