DoorDash (NASDAQ:DASH) COO Sells $3,068,850.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 15,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total value of $3,068,850.00. Following the sale, the chief operating officer owned 874,130 shares in the company, valued at approximately $178,838,256.70. This trade represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, December 22nd, Prabir Adarkar sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $234.57, for a total transaction of $7,037,100.00.
• 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 transaction of $4,588,259.04.

DoorDash Trading Up 0.6%

DASH stock traded up $1.17 during midday trading on Thursday, hitting $207.65. The stock had a trading volume of 4,013,611 shares, compared to its average volume of 4,254,596. The company’s 50-day moving average price is $216.83 and its 200 day moving average price is $239.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $89.50 billion, a PE ratio of 105.41 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50.

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

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Physician Wealth Advisors Inc. increased its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Eastern Bank grew its holdings in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. GFG Capital LLC bought a new position in DoorDash in the 2nd quarter worth approximately $30,000. Sunbelt Securities Inc. increased its position in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the period. Finally, Morse Asset Management Inc bought a new stake in DoorDash during the 3rd quarter valued at $36,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Jefferies Financial Group upped their price target on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Barclays dropped their target price on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Zacks Research downgraded shares of DoorDash from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. DA Davidson reissued a “neutral” rating and issued a $260.00 price objective on shares of DoorDash in a research report on Thursday, November 6th. Finally, Guggenheim restated a “buy” rating and set a $280.00 target price on shares of DoorDash in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $281.26.

DoorDash Company Profile

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.