Insider Selling: DoorDash (NASDAQ:DASH) COO Sells $1,589,700.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 10,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the sale, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at $134,119,491.66. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, January 20th, Prabir Adarkar sold 15,000 shares of DoorDash stock. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00.

DoorDash Stock Performance

NASDAQ:DASH opened at $146.60 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $63.69 billion, a price-to-earnings ratio of 69.15 and a beta of 1.82. The company’s 50-day moving average is $178.64 and its two-hundred day moving average is $216.74. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. Analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its stake in DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after buying an additional 22,944 shares in the last quarter. Caprock Group LLC acquired a new position in shares of DoorDash during the 3rd quarter worth about $3,169,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of DoorDash by 7.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after acquiring an additional 53,722 shares during the last quarter. Williamson Legacy Group LLC purchased a new position in shares of DoorDash in the 2nd quarter valued at about $1,264,000. Finally, Jefferies Financial Group Inc. raised its position in shares of DoorDash by 136.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock worth $11,520,000 after acquiring an additional 24,454 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DASH shares. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Guggenheim decreased their price target on DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. KeyCorp increased their price target on DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Roth Mkm reissued a “neutral” rating and set a $200.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. Finally, Wolfe Research set a $270.00 price objective on shares of DoorDash in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.82.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.