Insider Selling: DoorDash, Inc. (NASDAQ:DASH) COO Sells 19,898 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 19,898 shares of the firm’s stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Stock Up 2.4 %

Shares of NASDAQ:DASH traded up $4.07 during trading on Friday, reaching $177.24. 3,231,646 shares of the company traded hands, compared to its average volume of 3,800,685. The firm has a fifty day simple moving average of $152.69 and a 200 day simple moving average of $128.46. DoorDash, Inc. has a 1-year low of $92.56 and a 1-year high of $178.16. The firm has a market cap of $73.63 billion, a P/E ratio of -385.88, a price-to-earnings-growth ratio of 14.82 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.19) EPS. As a group, research analysts anticipate that DoorDash, Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Redburn Atlantic started coverage on DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 target price on the stock. Morgan Stanley upped their target price on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price target on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Raymond James began coverage on DoorDash in a report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective for the company. Finally, Mizuho lifted their target price on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.03.

Institutional Trading of DoorDash

Several large investors have recently modified their holdings of DASH. Janus Henderson Group PLC boosted its stake in DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after purchasing an additional 3,425,115 shares during the period. Baillie Gifford & Co. boosted its position in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Dragoneer Investment Group LLC grew its stake in shares of DoorDash by 77.9% in the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after acquiring an additional 1,246,567 shares during the last quarter. Canada Pension Plan Investment Board increased its position in DoorDash by 595.2% during the first quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock worth $122,830,000 after acquiring an additional 763,579 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after acquiring an additional 739,961 shares during the period. 90.64% of the stock is owned by 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.