DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 20,000 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $184.85, for a total value of $3,697,000.00. Following the completion of the sale, the chief operating officer now directly owns 887,348 shares of the company's stock, valued at approximately $164,026,277.80. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Prabir Adarkar also recently made the following trade(s):
- On Friday, March 28th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $185.58, for a total value of $3,711,600.00.
- On Thursday, February 20th, Prabir Adarkar sold 20,161 shares of DoorDash stock. The stock was sold at an average price of $203.45, for a total value of $4,101,755.45.
DoorDash Stock Performance
NASDAQ DASH traded up $0.12 on Monday, reaching $187.88. The company's stock had a trading volume of 3,083,604 shares, compared to its average volume of 4,233,993. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm's 50 day moving average is $186.09 and its two-hundred day moving average is $178.22. The stock has a market cap of $78.93 billion, a PE ratio of 695.85 and a beta of 1.69.
Institutional Trading of DoorDash
Several institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Vanguard Group Inc. lifted 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 acquiring an additional 317,502 shares during the last quarter. Capital World Investors boosted its position in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the period. Franklin Resources Inc. increased its stake in DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after buying an additional 86,667 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have weighed in on DASH shares. Loop Capital increased their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Needham & Company LLC reaffirmed a "buy" rating on shares of DoorDash in a research report on Monday, March 3rd. UBS Group raised their target price on shares of DoorDash from $200.00 to $204.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. Finally, Susquehanna raised their price target on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.66.
View Our Latest Report on DoorDash
About DoorDash
(
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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.
Further Reading
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