DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 19,898 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 19,898 shares of DoorDash stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $3,382,262.04. Following the sale, the chief operating officer now directly owns 943,196 shares of the company’s stock, valued at $160,324,456.08. This represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, October 15th, Prabir Adarkar sold 32,124 shares of DoorDash stock. The stock was sold at an average price of $147.99, for a total value of $4,754,030.76.

DoorDash Price Performance

Shares of DoorDash stock opened at $177.24 on Friday. DoorDash, Inc. has a 1 year low of $92.56 and a 1 year high of $178.16. The stock has a market cap of $73.63 billion, a PE ratio of -393.87, a price-to-earnings-growth ratio of 13.31 and a beta of 1.67. The firm has a fifty day moving average price of $153.61 and a 200 day moving average price of $128.87.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) earnings per share. As a group, equities analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. State Street Corp raised its position in shares of DoorDash by 3.8% during the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC lifted its stake in DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in DoorDash by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after buying an additional 242,956 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after buying an additional 267,855 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DASH shares. Roth Mkm increased their price target on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Bank of America increased their target price on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Piper Sandler increased their price objective on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday, September 19th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.03.

DoorDash Company Profile

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.