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

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the completion of the transaction, the chief operating officer now owns 925,222 shares of the company’s stock, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 stock was sold at an average price of $168.53, for a total transaction of $3,370,600.00.
• On Wednesday, November 20th, Prabir Adarkar sold 19,898 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $3,382,262.04.

DoorDash Price Performance

NASDAQ:DASH opened at $182.48 on Tuesday. The firm has a market capitalization of $75.80 billion, a price-to-earnings ratio of -405.51, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71. The business has a fifty day moving average price of $174.32 and a 200-day moving average price of $149.30. DoorDash, Inc. has a one year low of $99.32 and a one year high of $184.26.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned ($0.19) earnings per share. On average, equities research analysts expect that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DASH shares. KeyCorp raised their target price 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. Benchmark raised their price objective on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Loop Capital boosted their target price on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Truist Financial increased their target price on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group lifted their price target on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.97.

Hedge Funds Weigh In On DoorDash

Several large investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in DoorDash by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after acquiring an additional 88 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in DoorDash by 1.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after purchasing an additional 91 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of DoorDash by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock valued at $497,000 after purchasing an additional 112 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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.