DoorDash, Inc. (NASDAQ:DASH) COO Sells 20,161 Shares

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,161 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45. Following the completion of the transaction, the chief operating officer now directly owns 905,061 shares in the company, valued at $184,134,660.45. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $180.83, for a total value of $3,616,600.00.
• On Friday, December 27th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00.

DoorDash Price Performance

Shares of NASDAQ:DASH traded down $4.07 during mid-day trading on Monday, hitting $195.87. The company had a trading volume of 3,366,324 shares, compared to its average volume of 3,432,195. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.24. The firm has a fifty day moving average price of $182.56 and a 200 day moving average price of $161.31. The company has a market capitalization of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently bought and sold shares of DASH. Rakuten Securities Inc. grew its stake in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new position in DoorDash in the fourth quarter worth approximately $29,000. Denver PWM LLC acquired a new stake in DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $36,000. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group lifted their target price on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. DA Davidson upped their price objective on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI raised their target price on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wedbush boosted their target price on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $206.52.

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.