Prabir Adarkar Sells 30,000 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 30,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at $205,044,674.10. This trade represents a 3.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, November 24th, Prabir Adarkar sold 24,489 shares of DoorDash stock. The shares were sold at an average price of $187.36, for a total value of $4,588,259.04.
• On Tuesday, October 14th, Prabir Adarkar sold 24,968 shares of DoorDash stock. The shares were sold at an average price of $272.32, for a total transaction of $6,799,285.76.
• On Monday, September 29th, Prabir Adarkar sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $270.60, for a total transaction of $8,118,000.00.

DoorDash Trading Down 0.2%

NASDAQ DASH opened at $232.19 on Thursday. The stock has a market capitalization of $100.07 billion, a P/E ratio of 117.86 and a beta of 1.72. The firm has a 50-day moving average price of $225.64 and a 200 day moving average price of $240.85. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. Equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Institutional Investors Weigh In On DoorDash

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of DoorDash by 17.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,469 shares of the company’s stock valued at $451,000 after acquiring an additional 370 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of DoorDash by 10.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,717 shares of the company’s stock valued at $314,000 after purchasing an additional 162 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of DoorDash by 413.8% in the first quarter. MetLife Investment Management LLC now owns 101,802 shares of the company’s stock worth $18,606,000 after buying an additional 81,988 shares during the period. Finally, Comerica Bank grew its position in DoorDash by 164.0% during the 1st quarter. Comerica Bank now owns 52,168 shares of the company’s stock worth $9,535,000 after purchasing an additional 32,404 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DASH shares. Wedbush lifted their price target on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Barclays cut their price target on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Truist Financial lifted their price objective on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Morgan Stanley upped their price target on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Needham & Company LLC decreased their price target on DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.74.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.