DoorDash, Inc. (NASDAQ:DASH) COO Sells $12,619,652.89 in Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the sale, the chief operating officer now owns 942,554 shares of the company's stock, valued at approximately $191,027,419.18. The trade was a 6.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, May 20th, Prabir Adarkar sold 15,660 shares of DoorDash stock. The stock was sold at an average price of $199.90, for a total transaction of $3,130,434.00.
• 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 transaction of $3,697,000.00.
• 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 transaction of $3,711,600.00.

DoorDash Price Performance

Shares of DASH traded up $1.56 on Friday, reaching $206.14. The company's stock had a trading volume of 4,853,384 shares, compared to its average volume of 4,206,465. The stock has a market capitalization of $87.35 billion, a P/E ratio of 763.48 and a beta of 1.68. The stock's 50 day simple moving average is $189.04 and its two-hundred day simple moving average is $184.90. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

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

Hedge Funds Weigh In On DoorDash

Institutional investors and hedge funds have recently made changes to their positions in the business. Swedbank AB boosted its holdings in shares of DoorDash by 3.3% in the fourth quarter. Swedbank AB now owns 171,055 shares of the company's stock worth $28,694,000 after buying an additional 5,539 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of DoorDash in the fourth quarter worth $240,000. Forsta AP Fonden lifted its holdings in shares of DoorDash by 22.8% in the fourth quarter. Forsta AP Fonden now owns 79,200 shares of the company's stock worth $13,286,000 after buying an additional 14,700 shares in the last quarter. Brighton Jones LLC increased its position in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Calamos Advisors LLC increased its position in DoorDash by 11.6% in the fourth quarter. Calamos Advisors LLC now owns 173,664 shares of the company's stock worth $29,132,000 after purchasing an additional 18,100 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent analyst reports. Susquehanna upped their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reduced their price objective on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Evercore ISI reissued an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $209.97.

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.