DoorDash (NASDAQ:DASH) COO Prabir Adarkar Sells 17,126 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 17,126 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $3,778,338.12. Following the transaction, the chief operating officer owned 941,950 shares in the company, valued at approximately $207,813,009. This represents a 1.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 26th, Prabir Adarkar sold 21,739 shares of DoorDash stock. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75.

DoorDash Stock Up 2.5%

Shares of DASH stock traded up $5.57 during trading hours on Monday, reaching $229.06. The company had a trading volume of 3,659,668 shares, compared to its average volume of 4,788,734. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The company has a market capitalization of $99.25 billion, a P/E ratio of 119.93 and a beta of 1.78. The stock’s fifty day simple moving average is $192.75 and its 200 day simple moving average is $175.21.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business’s revenue was up 35.6% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

DASH has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $265.00 target price on shares of DoorDash in a research note on Thursday, August 6th. Rothschild & Co Redburn set a $350.00 target price on DoorDash in a research report on Tuesday, May 12th. Truist Financial increased their price target on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group lifted their price objective on DoorDash from $223.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $255.00 price target on shares of DoorDash in a report on Tuesday, June 23rd. Twenty-three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DASH. CYBER HORNET ETFs LLC raised its stake in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after acquiring an additional 60 shares during the period. Vise Technologies Inc. boosted its position in DoorDash by 1.8% during the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after purchasing an additional 63 shares during the period. Washington Trust Advisors Inc. increased its holdings in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in shares of DoorDash by 2.7% in the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.