DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 8,000 Shares

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 8,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $107.61, for a total transaction of $860,880.00. Following the completion of the transaction, the chief operating officer now directly owns 1,002,787 shares in the company, valued at $107,909,909.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 3rd, Prabir Adarkar sold 8,000 shares of DoorDash stock. The shares were sold at an average price of $109.98, for a total transaction of $879,840.00.

DoorDash Price Performance

DASH opened at $107.62 on Friday. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The firm has a market capitalization of $44.01 billion, a PE ratio of -99.65, a P/E/G ratio of 27.17 and a beta of 1.67. The company’s 50-day moving average is $114.00 and its 200 day moving average is $117.31.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The firm’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.41) EPS. As a group, analysts expect that DoorDash, Inc. will post 0.11 EPS for the current year.

Wall Street Analyst Weigh In

DASH has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Benchmark decreased their price objective on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $164.00 in a research note on Thursday, April 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $137.00 target price on shares of DoorDash in a research note on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.79.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in DoorDash in the 1st quarter valued at about $25,000. Venturi Wealth Management LLC increased its stake in DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 90 shares during the last quarter. ORG Partners LLC increased its stake in DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 253 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in DoorDash in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.