DoorDash, Inc. (NASDAQ:DASH) COO Sells $4,101,755.45 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 20,161 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45. Following the sale, the chief operating officer now directly owns 905,061 shares of the company's stock, valued at approximately $184,134,660.45. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $180.83, for a total value of $3,616,600.00.
• On Friday, December 27th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $168.53, for a total transaction of $3,370,600.00.

DoorDash Stock Performance

Shares of NASDAQ DASH traded up $7.33 during midday trading on Wednesday, reaching $198.60. The stock had a trading volume of 4,483,930 shares, compared to its average volume of 3,478,165. The company has a market capitalization of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The stock has a 50-day moving average of $183.18 and a 200-day moving average of $162.29.

Institutional Investors Weigh In On DoorDash

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of DoorDash by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after acquiring an additional 317,502 shares during the period. Baillie Gifford & Co. grew its holdings in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Capital World Investors boosted its position in shares of DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. State Street Corp lifted its position in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company's stock worth $1,055,616,000 after buying an additional 272,659 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock valued at $789,766,000 after purchasing an additional 700,465 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 several research analyst reports. KeyCorp upped their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Royal Bank of Canada increased their price objective on DoorDash from $215.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. UBS Group increased their target price on DoorDash from $200.00 to $204.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Mizuho boosted their target price on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Bank of America raised their price target on shares of DoorDash from $205.00 to $245.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $206.52.

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.