DoorDash, Inc. (NASDAQ:DASH) COO Sells $3,130,434.00 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 15,660 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $199.90, for a total value of $3,130,434.00. Following the sale, the chief operating officer now directly owns 954,821 shares of the company's stock, valued at approximately $190,868,717.90. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, May 23rd, Prabir Adarkar sold 62,267 shares of DoorDash stock. The shares were sold at an average price of $202.67, for a total value of $12,619,652.89.
• On Thursday, April 24th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $184.85, for a total value of $3,697,000.00.
• On Friday, March 28th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $185.58, for a total value of $3,711,600.00.

DoorDash Trading Up 0.8%

NASDAQ DASH traded up $1.56 during trading on Friday, hitting $206.14. 4,853,384 shares of the company traded hands, compared to its average volume of 4,206,465. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The business has a fifty day simple moving average of $189.04 and a 200 day simple moving average of $184.90. The company has a market capitalization of $87.35 billion, a P/E ratio of 763.48 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the business earned ($0.06) earnings per share. Equities research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DASH. Evercore ISI restated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. KeyCorp decreased their price target on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Roth Mkm increased their price target on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday, April 28th. Finally, DA Davidson increased their price target on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.97.

Institutional Trading of DoorDash

A number of institutional investors have recently bought and sold shares of DASH. Strs Ohio bought a new stake in DoorDash during the 1st quarter worth about $15,752,000. Geneos Wealth Management Inc. boosted its position in shares of DoorDash by 14.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,069 shares of the company's stock worth $744,000 after acquiring an additional 527 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in DoorDash by 9.5% in the 1st quarter. IFM Investors Pty Ltd now owns 61,803 shares of the company's stock valued at $11,296,000 after purchasing an additional 5,349 shares during the last quarter. Focus Partners Wealth lifted its stake in DoorDash by 251.6% in the 1st quarter. Focus Partners Wealth now owns 9,261 shares of the company's stock valued at $1,693,000 after purchasing an additional 6,627 shares during the last quarter. Finally, Capital Impact Advisors LLC bought a new position in DoorDash during the first quarter worth $10,790,000. Institutional investors and hedge funds own 90.64% of the company's stock.

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.