Insider Selling: DoorDash, Inc. (NASDAQ:DASH) COO Sells $3,370,600.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00. Following the sale, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $155,927,663.66. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 20th, Prabir Adarkar sold 19,898 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $3,382,262.04.
• 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 Trading Up 1.7 %

Shares of NASDAQ DASH opened at $170.65 on Friday. The firm has a market cap of $70.89 billion, a P/E ratio of -379.22, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70. The business’s 50 day moving average is $170.94 and its 200-day moving average is $141.09. DoorDash, Inc. has a 1-year low of $93.33 and a 1-year high of $181.78.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DASH. Citigroup increased their target price on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Mizuho lifted their target price on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group upped their price target on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a report on Wednesday, September 25th. Finally, Loop Capital boosted their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.70.

Institutional Trading of DoorDash

A number of institutional investors have recently bought and sold shares of DASH. Principal Financial Group Inc. increased its holdings in shares of DoorDash by 25.0% during the third quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock worth $12,958,000 after purchasing an additional 18,155 shares during the period. Lord Abbett & CO. LLC grew its position in DoorDash by 1.1% during the third quarter. Lord Abbett & CO. LLC now owns 750,119 shares of the company’s stock worth $107,064,000 after buying an additional 8,195 shares in the last quarter. Franklin Resources Inc. increased its stake in DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares during the period. Tri Ri Asset Management Corp acquired a new position in DoorDash in the 3rd quarter valued at $6,250,000. Finally, Tidal Investments LLC lifted its position in shares of DoorDash by 19.9% during the 3rd quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock valued at $1,759,000 after acquiring an additional 2,049 shares during the period. 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.