DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 20,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the completion of the transaction, the chief operating officer now owns 887,348 shares of the company’s stock, valued at approximately $164,674,041.84. The trade was a 2.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, February 20th, Prabir Adarkar sold 20,161 shares of DoorDash stock. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45.
• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $182.42 on Wednesday. The firm’s 50-day moving average is $192.25 and its two-hundred day moving average is $173.12. The company has a market capitalization of $76.63 billion, a PE ratio of 675.63 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI reissued an “outperform” rating on shares of DoorDash in a research report on Monday, March 10th. Oppenheimer restated a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Barclays upped their price target on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Morgan Stanley raised their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Mizuho upped their target price on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Ten investment 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, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $207.21.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash in the fourth quarter worth $29,000. Denver PWM LLC acquired a new position in DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash in the 4th quarter valued at about $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash in the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc boosted its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the last quarter. 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.