Insider Selling: DoorDash (NASDAQ:DASH) COO Sells $7,037,100.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 30,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the transaction, the chief operating officer owned 874,130 shares in the company, valued at approximately $205,044,674.10. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 24th, Prabir Adarkar sold 24,489 shares of DoorDash stock. The stock was sold at an average price of $187.36, for a total transaction of $4,588,259.04.
• On Tuesday, October 14th, Prabir Adarkar sold 24,968 shares of DoorDash stock. The shares were sold at an average price of $272.32, for a total transaction of $6,799,285.76.
• On Monday, September 29th, Prabir Adarkar sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $270.60, for a total transaction of $8,118,000.00.

DoorDash Price Performance

NASDAQ DASH opened at $232.19 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s fifty day moving average price is $224.95 and its 200 day moving average price is $240.79. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The company has a market cap of $100.07 billion, a price-to-earnings ratio of 117.86 and a beta of 1.72.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

DASH has been the subject of several research reports. DA Davidson restated a “neutral” rating and set a $260.00 price objective on shares of DoorDash in a research note on Thursday, November 6th. Barclays lowered their price target on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. UBS Group reduced their price objective on DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Needham & Company LLC lowered their target price on DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Truist Financial raised their target price on DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.74.

Institutional Trading of DoorDash

Several institutional investors have recently bought and sold shares of the business. Brighton Jones LLC grew its position in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of DoorDash by 17.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,469 shares of the company’s stock valued at $451,000 after acquiring an additional 370 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of DoorDash by 10.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,717 shares of the company’s stock worth $314,000 after purchasing an additional 162 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of DoorDash by 413.8% during the 1st quarter. MetLife Investment Management LLC now owns 101,802 shares of the company’s stock worth $18,606,000 after purchasing an additional 81,988 shares in the last quarter. Finally, Comerica Bank increased its position in shares of DoorDash by 164.0% in the first quarter. Comerica Bank now owns 52,168 shares of the company’s stock worth $9,535,000 after purchasing an additional 32,404 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.