DoorDash, Inc. (NASDAQ:DASH) COO Sells $860,880.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 8,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $107.61, for a total value of $860,880.00. Following the completion of the sale, the chief operating officer now owns 1,002,787 shares in the company, valued at $107,909,909.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 3rd, Prabir Adarkar sold 8,000 shares of DoorDash stock. The stock was sold at an average price of $109.98, for a total value of $879,840.00.

DoorDash Trading Up 0.2 %

Shares of NASDAQ:DASH traded up $0.17 during trading on Wednesday, reaching $107.62. The stock had a trading volume of 1,628,054 shares, compared to its average volume of 3,937,264. The company has a market capitalization of $44.01 billion, a P/E ratio of -100.71, a PEG ratio of 27.50 and a beta of 1.67. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The firm’s 50-day simple moving average is $114.79 and its 200 day simple moving average is $117.44.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.41) earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Large investors have recently modified their holdings of the business. Spire Wealth Management acquired a new stake in shares of DoorDash during the first quarter worth $25,000. Venturi Wealth Management LLC raised its position in DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares during the last quarter. ORG Partners LLC lifted its stake in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of DoorDash in the first quarter worth $42,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $137.00 target price on shares of DoorDash in a report on Thursday, May 2nd. Piper Sandler upgraded DoorDash from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Oppenheimer boosted their target price on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Truist Financial reduced their price target on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.79.

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.