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 company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $185.58, for a total value of $3,711,600.00. Following the sale, the chief operating officer now owns 887,348 shares of the company's stock, valued at approximately $164,674,041.84. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, February 20th, Prabir Adarkar sold 20,161 shares of DoorDash stock. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45.
• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00.

DoorDash Stock Down 6.2 %

NASDAQ:DASH traded down $10.83 during mid-day trading on Friday, reaching $163.16. 6,514,613 shares of the company were exchanged, compared to its average volume of 4,180,443. The stock has a market cap of $68.54 billion, a PE ratio of 604.30 and a beta of 1.69. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The company has a fifty day moving average of $191.90 and a 200 day moving average of $173.77.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pittenger & Anderson Inc. bought a new position in DoorDash in the 4th quarter valued at $29,000. Denver PWM LLC acquired a new position in shares of DoorDash during the fourth quarter valued at $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash in the fourth quarter valued at about $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash in the fourth quarter worth about $36,000. Finally, IFP Advisors Inc raised its holdings in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DASH shares. Loop Capital upped their price target on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a report on Monday, February 24th. Benchmark increased their target price on DoorDash from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Bank of America lifted their price target on DoorDash from $205.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Truist Financial increased their price objective on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a "buy" rating on shares of DoorDash in a research note on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.29.

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.