Insider Selling: DoorDash, Inc. (NASDAQ:DASH) COO Sells 20,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, April 24th. The stock was 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 owns 887,348 shares in the company, valued at approximately $164,026,277.80. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, March 28th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $185.58, for a total transaction of $3,711,600.00.
• On Thursday, February 20th, Prabir Adarkar sold 20,161 shares of DoorDash stock. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45.

DoorDash Stock Performance

NASDAQ:DASH opened at $187.88 on Tuesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The firm has a market cap of $78.93 billion, a price-to-earnings ratio of 695.85 and a beta of 1.69. The firm’s fifty day moving average is $185.58 and its two-hundred day moving average is $178.49.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of DoorDash from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Wedbush lifted their price target on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Roth Mkm lifted their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $209.66.

Institutional Investors Weigh In On DoorDash

Several hedge funds have recently added to or reduced their stakes in DASH. Pittenger & Anderson Inc. purchased a new stake in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC acquired a new position in shares of DoorDash in the fourth quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the fourth quarter worth about $34,000. ORG Wealth Partners LLC acquired a new position in shares of DoorDash in the fourth quarter worth about $36,000. Finally, IFP Advisors Inc raised its position in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.