Insider Selling: DoorDash, Inc. (NASDAQ:DASH) COO Sells $3,382,262.04 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 19,898 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $3,382,262.04. Following the completion of the sale, the chief operating officer now owns 943,196 shares of the company’s stock, valued at approximately $160,324,456.08. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, October 15th, Prabir Adarkar sold 32,124 shares of DoorDash stock. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76.

DoorDash Stock Performance

NASDAQ DASH opened at $177.24 on Monday. The stock has a market capitalization of $73.62 billion, a price-to-earnings ratio of -393.87, a PEG ratio of 13.31 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $178.16. The stock’s 50 day moving average price is $153.61 and its two-hundred day moving average price is $129.08.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. On average, equities research analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently modified their holdings of the stock. Tri Ri Asset Management Corp bought a new stake in DoorDash during the third quarter worth about $6,250,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of DoorDash by 3.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 161,200 shares of the company’s stock worth $23,007,000 after purchasing an additional 5,250 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of DoorDash in the 3rd quarter valued at approximately $239,000. Geode Capital Management LLC grew its stake in shares of DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after buying an additional 267,855 shares in the last quarter. Finally, Sender Co & Partners Inc. acquired a new position in DoorDash during the third quarter worth $1,460,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research reports. Raymond James assumed coverage on shares of DoorDash in a research report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price on the stock. Morgan Stanley increased their price objective on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Bank of America boosted their target price on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of DoorDash in a report on Friday, August 2nd. Finally, Evercore ISI boosted their price objective on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $164.03.

About DoorDash

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.