DoorDash (NASDAQ:DASH) COO Sells $1,580,267.30 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 8,738 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $180.85, for a total value of $1,580,267.30. Following the completion of the sale, the chief operating officer owned 921,473 shares in the company, valued at approximately $166,648,392.05. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 25th, Prabir Adarkar sold 55,289 shares of DoorDash stock. The shares were sold at an average price of $231.76, for a total value of $12,813,778.64.
• On Thursday, August 20th, Prabir Adarkar sold 17,126 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total transaction of $3,778,338.12.

DoorDash Price Performance

Shares of NASDAQ:DASH traded down $3.55 during trading on Wednesday, reaching $183.55. The stock had a trading volume of 4,232,809 shares, compared to its average volume of 4,697,998. The business’s 50-day moving average price is $205.91 and its 200 day moving average price is $181.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The stock has a market capitalization of $79.53 billion, a PE ratio of 96.10 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.DoorDash’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. As a group, equities analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is expanding beyond restaurant delivery through partnerships with Macy’s, Anthropologie, Timberland and other retailers. The initiative could diversify revenue, increase order frequency and strengthen the company’s position in retail logistics. DoorDash Reaches Deals to Sell More Shoes and Clothing
• Positive Sentiment: The company announced a text-to-order AI agent operating through Apple Messages, allowing customers to place orders or request repeat purchases without opening the DoorDash app. Easier ordering could improve customer engagement and order volume. DoorDash launches an AI agent you can text to order food
• Positive Sentiment: DoorDash is preparing drone-delivery tests in Northern California with Chipotle and Popeyes and says its internally designed drone is lighter and quieter than Amazon’s. Successful deployment could eventually reduce delivery costs and improve delivery speed. DoorDash will test food-delivery drones in California with Chipotle and Popeyes
• Neutral Sentiment: DoorDash plans to create 3,000 jobs at a new Hyderabad technology center over the next two years. The investment supports global engineering and automation capabilities, but also adds near-term operating costs. DoorDash to create 3,000 jobs at global tech centre in India
• Negative Sentiment: Investors are also comparing DoorDash unfavorably with Shopify, with an analyst view citing Shopify’s diversified merchant ecosystem, enterprise adoption and stronger expected earnings growth. That comparison may reinforce concerns that DoorDash’s premium valuation requires sustained rapid growth. Shopify vs. DoorDash: Which E-Commerce Stock Has an Edge Now?
• Negative Sentiment: A shareholder-investigation notice highlights DoorDash’s reported $131.5 million New York City payout related to alleged delivery-worker underpayment. The expense, alongside potential additional litigation or regulatory costs, is a clear near-term sentiment headwind. DoorDash Investigation Notice

Institutional Trading of DoorDash

Institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. grew its stake in shares of DoorDash by 1.8% in the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after acquiring an additional 63 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of DoorDash by 2.7% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after buying an additional 67 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of DoorDash by 6.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,209 shares of the company’s stock valued at $274,000 after purchasing an additional 73 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in DoorDash by 3.3% in the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after buying an additional 74 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DASH shares. Bank of America reaffirmed a “buy” rating on shares of DoorDash in a research note on Thursday, August 6th. BTIG Research reiterated a “buy” rating and issued a $225.00 price objective on shares of DoorDash in a research report on Thursday, August 6th. Roth Capital upped their target price on shares of DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Benchmark reduced their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.47.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.