DoorDash (NASDAQ:DASH) COO Prabir Adarkar Sells 21,739 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 21,739 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares in the company, valued at $148,896,549. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 20th, Prabir Adarkar sold 10,000 shares of DoorDash stock. The shares were sold at an average price of $188.34, for a total transaction of $1,883,400.00.
• On Monday, March 23rd, Prabir Adarkar sold 10,000 shares of DoorDash stock. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00.

DoorDash Trading Down 0.6%

DASH opened at $156.70 on Friday. The stock has a market capitalization of $68.28 billion, a P/E ratio of 74.62 and a beta of 1.87. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The firm’s fifty day simple moving average is $162.32 and its 200 day simple moving average is $187.51. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, research analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DASH. Brighton Jones LLC increased its stake in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC increased its stake in shares of DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares during the last quarter. Sivia Capital Partners LLC grew its stake in DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after buying an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in DoorDash in the 2nd quarter valued at about $222,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Cantor Fitzgerald cut their price target on shares of DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating and set a $275.00 price target on shares of DoorDash in a research report on Thursday, February 19th. Truist Financial cut their price target on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Rothschild & Co Redburn set a $350.00 price target on shares of DoorDash in a research report on Tuesday, May 12th. Finally, Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.58.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash announced a new partnership with Dollar Tree that will bring on-demand delivery from Dollar Tree’s full U.S. store footprint to the DoorDash app, expanding access to more than 9,000 stores and over 10,000 products. This could boost order volume and deepen DoorDash’s retail delivery business. DoorDash and Dollar Tree Partner to Bring Greater Value and Thrill of the Hunt Discovery On-Demand
• Positive Sentiment: Another report highlighted DoorDash’s growing reach beyond restaurant delivery, including talks in the Middle East alongside the Dollar Tree deal, reinforcing the view that the company is still expanding its addressable market. DoorDash Extends Reach With Middle East Talks And Dollar Tree Deal
• Neutral Sentiment: Commentary about the broader food delivery competition suggests the industry is entering a more aggressive phase, which may support DoorDash’s scale advantage but also implies heavier competition and ongoing pressure to defend market share. The Food Delivery War Just Entered Its Final Phase
• Negative Sentiment: Several insider sales were reported, including trades by COO Prabir Adarkar, General Counsel Tia Sherringham, and Keith Yandell. The sales were under pre-arranged trading plans, but insider selling can still create caution among investors. Prabir Adarkar insider trade

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.