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

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the completion of the sale, the chief operating officer now directly owns 925,222 shares of the company's stock, valued at approximately $155,927,663.66. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $3,382,262.04.
• 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 Stock Performance

DASH traded down $1.85 during trading on Tuesday, reaching $167.75. 1,241,266 shares of the company's stock were exchanged, compared to its average volume of 3,674,925. The company's fifty day moving average price is $169.95 and its 200-day moving average price is $140.30. The firm has a market capitalization of $69.68 billion, a PE ratio of -372.78, a P/E/G ratio of 13.56 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $93.33 and a fifty-two week high of $181.78.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the previous year, the firm earned ($0.19) earnings per share. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. Research analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its holdings in DoorDash by 34.5% during the second quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company's stock valued at $683,000 after purchasing an additional 1,611 shares during the period. Banque Cantonale Vaudoise increased its position in shares of DoorDash by 16.7% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,009 shares of the company's stock valued at $219,000 after buying an additional 288 shares in the last quarter. Natixis Advisors LLC raised its stake in DoorDash by 584.7% during the 2nd quarter. Natixis Advisors LLC now owns 342,103 shares of the company's stock worth $37,214,000 after buying an additional 292,139 shares during the period. CIBC Asset Management Inc raised its stake in DoorDash by 5.1% during the 2nd quarter. CIBC Asset Management Inc now owns 72,823 shares of the company's stock worth $7,922,000 after buying an additional 3,529 shares during the period. Finally, Versor Investments LP bought a new position in DoorDash during the second quarter worth about $1,267,000. 90.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on DASH shares. Needham & Company LLC upped their target price on DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Bank of America increased their price objective on shares of DoorDash from $168.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Argus raised shares of DoorDash from a "hold" rating to a "buy" rating in a report on Friday, December 20th. Barclays upped their target price on shares of DoorDash from $120.00 to $163.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Finally, BTIG Research upgraded shares of DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a research note on Thursday, September 19th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $168.39.

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.