Prabir Adarkar Sells 24,968 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 24,968 shares of DoorDash stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total value of $6,799,285.76. Following the completion of the sale, the chief operating officer directly owned 909,579 shares of the company’s stock, valued at approximately $247,696,553.28. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 29th, Prabir Adarkar sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $270.60, for a total value of $8,118,000.00.
• On Monday, August 25th, Prabir Adarkar sold 41,881 shares of DoorDash stock. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42.
• On Thursday, July 24th, Prabir Adarkar sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $243.02, for a total transaction of $7,290,600.00.

DoorDash Stock Performance

NASDAQ DASH opened at $263.06 on Friday. The firm has a market cap of $112.38 billion, a P/E ratio of 146.15 and a beta of 1.71. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $259.31 and its 200-day moving average is $229.57. DoorDash, Inc. has a 12-month low of $150.26 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.38) EPS. Sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gilbert & Cook Inc. lifted its stake in DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the last quarter. Perigon Wealth Management LLC grew its position in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after acquiring an additional 46 shares during the last quarter. Advisory Resource Group raised its stake in shares of DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after acquiring an additional 48 shares in the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after acquiring an additional 48 shares during the last quarter. Finally, Hobart Private Capital LLC boosted its stake in shares of DoorDash by 2.4% in the 3rd quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock valued at $589,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent research reports. Roth Capital increased their price objective on DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. JMP Securities increased their price target on shares of DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Needham & Company LLC set a $300.00 price objective on shares of DoorDash and gave the company a “buy” rating in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $325.00 price target (up from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $282.91.

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.