DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 32,124 Shares

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 32,124 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the completion of the sale, the chief operating officer now owns 963,094 shares of the company’s stock, valued at $142,528,281.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

DoorDash Price Performance

DoorDash stock opened at $151.98 on Friday. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $152.52. The stock has a fifty day moving average price of $135.26 and a two-hundred day moving average price of $123.06. The firm has a market capitalization of $62.15 billion, a P/E ratio of -140.72, a P/E/G ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. DoorDash’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) earnings per share. On average, equities research analysts predict that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of DoorDash by 289.0% during the third quarter. Blue Trust Inc. now owns 2,373 shares of the company’s stock worth $339,000 after purchasing an additional 1,763 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in DoorDash during the 3rd quarter worth about $300,000. V Square Quantitative Management LLC grew its holdings in DoorDash by 6.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 6,909 shares of the company’s stock worth $986,000 after acquiring an additional 435 shares during the last quarter. Bleakley Financial Group LLC increased its position in DoorDash by 47.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 7,324 shares of the company’s stock valued at $1,045,000 after acquiring an additional 2,351 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in DoorDash by 65.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,645 shares of the company’s stock valued at $1,662,000 after acquiring an additional 4,607 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DASH shares. KeyCorp upgraded DoorDash from a “sector weight” rating to an “overweight” rating and set a $177.00 price target for the company in a research note on Wednesday, September 25th. Wolfe Research initiated coverage on DoorDash in a research report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price for the company. BMO Capital Markets lifted their price target on shares of DoorDash from $127.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Barclays upped their price objective on shares of DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Raymond James started coverage on shares of DoorDash in a report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.16.

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.