DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar Sells 8,000 Shares of Stock

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

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

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

DoorDash Trading Up 0.2 %

NASDAQ DASH opened at $107.62 on Thursday. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34. The firm’s 50 day moving average price is $114.41 and its 200-day moving average price is $117.37.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS. As a group, research analysts expect that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in shares of DoorDash by 21.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 791 shares of the company’s stock worth $102,000 after purchasing an additional 138 shares during the period. DekaBank Deutsche Girozentrale grew its position in DoorDash by 15.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 43,640 shares of the company’s stock valued at $5,987,000 after buying an additional 5,779 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in DoorDash by 5.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 155,345 shares of the company’s stock valued at $21,394,000 after buying an additional 7,900 shares during the period. Cetera Advisors LLC raised its position in shares of DoorDash by 40.8% in the first quarter. Cetera Advisors LLC now owns 3,100 shares of the company’s stock worth $427,000 after acquiring an additional 898 shares during the period. Finally, PGGM Investments purchased a new stake in shares of DoorDash during the 1st quarter worth about $1,901,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DASH has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $137.00 price objective on shares of DoorDash in a research report on Thursday, May 2nd. JMP Securities cut their price target on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company raised their price objective on shares of DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. BMO Capital Markets cut their target price on DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada decreased their price target on DoorDash from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.79.

DoorDash Company Profile

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.