Insider Selling: DoorDash (NASDAQ:DASH) COO Sells $1,580,267.30 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 8,738 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $180.85, for a total value of $1,580,267.30. Following the completion of the sale, the chief operating officer directly owned 921,473 shares of the company’s stock, valued at approximately $166,648,392.05. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 25th, Prabir Adarkar sold 55,289 shares of DoorDash stock. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64.
• On Thursday, August 20th, Prabir Adarkar sold 17,126 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $3,778,338.12.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $189.15 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $81.96 billion, a price-to-earnings ratio of 99.03 and a beta of 1.90. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The business has a 50 day simple moving average of $206.60 and a 200-day simple moving average of $181.60.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. As a group, equities research analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Institutional Trading of DoorDash

A number of large investors have recently modified their holdings of the company. Vise Technologies Inc. boosted its stake in DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after purchasing an additional 63 shares in the last quarter. Washington Trust Advisors Inc. increased its position in shares of DoorDash by 81.0% during the 2nd 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 period. Premier Path Wealth Partners LLC raised its stake in shares of DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after buying an additional 67 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of DoorDash by 6.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,209 shares of the company’s stock worth $274,000 after buying an additional 73 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of DoorDash by 3.3% in the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DASH shares. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of DoorDash in a research note on Thursday, September 3rd. Wedbush raised their target price on shares of DoorDash from $205.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $255.00 target price on shares of DoorDash in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $257.47.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Drone delivery is moving toward commercial testing. DoorDash Air is expected to begin operations in Northern California, using a purpose-built drone for restaurant deliveries. The technology could eventually reduce delivery times and labor costs if it scales successfully. Yahoo Finance article about DoorDash Air
• Positive Sentiment: AI tools may increase ordering frequency. DoorDash is testing a text-based AI agent that lets users place orders through messaging, including requests such as “order my usual,” without opening the app. Lowering friction could improve engagement and retention. The Verge article about DoorDash text ordering
• Positive Sentiment: Retail logistics expansion broadens DoorDash’s addressable market. The company is deepening its Macy’s relationship and plans to pick up customer returns, adding potential revenue opportunities beyond food delivery and making greater use of its logistics network. MSN article about DoorDash and Macy’s
• Neutral Sentiment: Commentary disputes the AI-displacement thesis. Jim Cramer described concerns that AI could disrupt DoorDash as a market overreaction, arguing that AI may enhance rather than replace the company’s delivery platform. This supports sentiment but does not change fundamentals. Insider Monkey article about Jim Cramer’s DoorDash comments
• Negative Sentiment: The COO sold shares, though under a preset trading plan. Prabir Adarkar sold 8,738 shares valued at approximately $1.58 million. Because the transaction was conducted under Rule 10b5-1, it is not necessarily a bearish signal, but repeated insider sales can weigh on investor sentiment. InsiderTrades article about DoorDash insider selling

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.