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

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total value of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 value of $3,370,600.00.
• 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.

DoorDash Price Performance

DASH opened at $184.51 on Wednesday. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $185.38. The business has a 50-day moving average of $174.49 and a 200-day moving average of $149.86. The company has a market capitalization of $76.65 billion, a PE ratio of -410.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business earned ($0.19) EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. On average, equities research analysts expect that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research analyst reports. DA Davidson raised their price target on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Loop Capital raised their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada raised their target price on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised their target price on DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of DoorDash in the 4th quarter valued at approximately $59,000. Quotient Wealth Partners LLC acquired a new stake in DoorDash in the 4th quarter valued at approximately $200,000. Entropy Technologies LP grew its holdings in DoorDash by 379.3% in the 4th quarter. Entropy Technologies LP now owns 52,691 shares of the company’s stock valued at $8,839,000 after buying an additional 41,697 shares during the last quarter. Empowered Funds LLC grew its holdings in DoorDash by 7.9% in the 4th quarter. Empowered Funds LLC now owns 7,845 shares of the company’s stock valued at $1,316,000 after buying an additional 572 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in DoorDash by 36.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 10,576 shares of the company’s stock valued at $1,774,000 after buying an additional 2,805 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

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.