DoorDash (NASDAQ:DASH) Stock: Insider Prabir Adarkar Sells 8,738 Shares

Key Points

• DoorDash COO Prabir Adarkar sold 8,738 shares at an average price of $180.85, totaling approximately $1.58 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 921,473 shares.
• DoorDash shares traded near $183.55, well below their 50-day moving average of $205.91, while the company carries a high price-to-earnings ratio of 96.10. Its latest quarterly revenue rose 35.6% year over year to $4.45 billion, although earnings per share slightly missed estimates.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $257.47, compared with the reported share price.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 8,738 shares of DoorDash stock in a transaction on Monday, September 28th. The shares were sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the completion of the transaction, the chief operating officer owned 921,473 shares in the company, valued at approximately $166,648,392.05. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 25th, Prabir Adarkar sold 55,289 shares of DoorDash stock. The shares were sold at an average price of $231.76, for a total transaction of $12,813,778.64.
• On Thursday, August 20th, Prabir Adarkar sold 17,126 shares of DoorDash stock. The shares were sold at an average price of $220.62, for a total value of $3,778,338.12.

DoorDash Price Performance

Shares of DASH stock traded down $3.55 during midday trading on Wednesday, reaching $183.55. 4,232,809 shares of the company traded hands, compared to its average volume of 4,697,998. The firm's 50 day simple moving average is $205.91 and its two-hundred day simple moving average is $181.24. The firm has a market cap of $79.53 billion, a PE ratio of 96.10 and a beta of 1.79. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm's revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities research analysts expect that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is expanding beyond restaurant delivery through partnerships with Macy’s, Anthropologie, Timberland and other retailers. The initiative could diversify revenue, increase order frequency and strengthen the company’s position in retail logistics. DoorDash Reaches Deals to Sell More Shoes and Clothing
• Positive Sentiment: The company announced a text-to-order AI agent operating through Apple Messages, allowing customers to place orders or request repeat purchases without opening the DoorDash app. Easier ordering could improve customer engagement and order volume. DoorDash launches an AI agent you can text to order food
• Positive Sentiment: DoorDash is preparing drone-delivery tests in Northern California with Chipotle and Popeyes and says its internally designed drone is lighter and quieter than Amazon’s. Successful deployment could eventually reduce delivery costs and improve delivery speed. DoorDash will test food-delivery drones in California with Chipotle and Popeyes
• Neutral Sentiment: DoorDash plans to create 3,000 jobs at a new Hyderabad technology center over the next two years. The investment supports global engineering and automation capabilities, but also adds near-term operating costs. DoorDash to create 3,000 jobs at global tech centre in India
• Negative Sentiment: Investors are also comparing DoorDash unfavorably with Shopify, with an analyst view citing Shopify’s diversified merchant ecosystem, enterprise adoption and stronger expected earnings growth. That comparison may reinforce concerns that DoorDash’s premium valuation requires sustained rapid growth. Shopify vs. DoorDash: Which E-Commerce Stock Has an Edge Now?
• Negative Sentiment: A shareholder-investigation notice highlights DoorDash’s reported $131.5 million New York City payout related to alleged delivery-worker underpayment. The expense, alongside potential additional litigation or regulatory costs, is a clear near-term sentiment headwind. DoorDash Investigation Notice

Institutional Investors Weigh In On DoorDash

Several hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its stake in DoorDash by 9.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company's stock valued at $35,548,000 after acquiring an additional 13,121 shares during the last quarter. JCP Investment Management LLC bought a new position in shares of DoorDash in the first quarter worth about $991,000. Plato Investment Management Ltd acquired a new position in shares of DoorDash during the second quarter worth approximately $1,024,000. Westfield Capital Management Co. LP raised its stake in DoorDash by 8.0% during the 4th quarter. Westfield Capital Management Co. LP now owns 425,080 shares of the company's stock valued at $96,272,000 after purchasing an additional 31,452 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of DoorDash by 4.9% during the first quarter. Quantinno Capital Management LP now owns 655,095 shares of the company's stock valued at $98,363,000 after buying an additional 30,881 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DASH has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. UBS Group reaffirmed a "buy" rating and set a $295.00 price target on shares of DoorDash in a report on Tuesday, September 8th. Wedbush upped their target price on shares of DoorDash from $205.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Citigroup reaffirmed a "market outperform" rating on shares of DoorDash in a report on Wednesday. Finally, KeyCorp dropped their target price on DoorDash from $280.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and a consensus target price of $257.47.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

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