Prabir Adarkar Sells 19,898 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 19,898 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $3,382,262.04. Following the transaction, the chief operating officer now directly owns 943,196 shares in the company, valued at $160,324,456.08. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 value of $4,754,030.76.

DoorDash Trading Up 2.4 %

Shares of DASH stock opened at $177.24 on Monday. The firm has a fifty day simple moving average of $153.61 and a two-hundred day simple moving average of $129.08. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16. The firm has a market capitalization of $73.62 billion, a PE ratio of -393.87, a price-to-earnings-growth ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price on the stock in a report on Wednesday, September 25th. Loop Capital raised their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Bank of America upped their price target on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Benchmark lifted their price objective on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Evercore ISI upped their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.03.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently modified their holdings of the stock. Tri Ri Asset Management Corp purchased a new position in shares of DoorDash during the third quarter valued at approximately $6,250,000. Teachers Retirement System of The State of Kentucky lifted its stake in DoorDash by 3.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 161,200 shares of the company’s stock valued at $23,007,000 after acquiring an additional 5,250 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in DoorDash during the 3rd quarter worth $239,000. Geode Capital Management LLC grew its stake in shares of DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after acquiring an additional 267,855 shares in the last quarter. Finally, Sender Co & Partners Inc. bought a new stake in shares of DoorDash in the 3rd quarter worth $1,460,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.