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

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,161 shares of the firm’s stock in a transaction dated 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 approximately $184,134,660.45. The trade was a 2.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

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

DoorDash Trading Down 2.0 %

Shares of DoorDash stock traded down $4.07 on Monday, reaching $195.87. The stock had a trading volume of 3,366,324 shares, compared to its average volume of 3,432,195. The business’s 50 day moving average is $182.56 and its two-hundred day moving average is $161.31. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The company has a market cap of $82.28 billion, a P/E ratio of 725.44 and a beta of 1.72.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of DASH. Vanguard Group Inc. grew its position in shares of DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after purchasing an additional 317,502 shares in the last quarter. Baillie Gifford & Co. boosted its stake in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the period. Capital World Investors grew its position in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after buying an additional 2,538,160 shares in the last quarter. State Street Corp increased its stake in DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after acquiring an additional 272,659 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after acquiring an additional 700,465 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DASH. Loop Capital raised their price objective on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial raised their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Barclays upped their price objective on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wolfe Research upped their target price on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

About DoorDash

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.