DoorDash, Inc. (NASDAQ:DASH – Get Free Report) COO Prabir Adarkar sold 55,289 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64. Following the sale, the chief operating officer owned 930,211 shares of the company’s stock, valued at approximately $215,585,701.36. The trade was a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Prabir Adarkar also recently made the following trade(s):
- On Thursday, August 20th, Prabir Adarkar sold 17,126 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $3,778,338.12.
DoorDash Trading Down 2.1%
NASDAQ DASH traded down $5.04 during mid-day trading on Thursday, hitting $231.89. The company’s stock had a trading volume of 3,440,991 shares, compared to its average volume of 4,778,898. The firm has a market capitalization of $100.48 billion, a P/E ratio of 121.41 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The stock’s fifty day simple moving average is $196.67 and its two-hundred day simple moving average is $176.04.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Benchmark reduced their price objective on DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Truist Financial raised their target price on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research report on Friday, August 7th. The Goldman Sachs Group set a $280.00 price target on DoorDash in a report on Thursday, May 7th. Finally, Jefferies Financial Group increased their price objective on shares of DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Twenty-three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.53.
Get Our Latest Stock Report on DASH
More DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash added Kohl’s, Barnes & Noble and Carter’s to its retail delivery network, bringing approximately 500,000 additional products to the platform ahead of back-to-school season. The expansion could increase order frequency, marketplace volume and DoorDash’s role in on-demand commerce. DoorDash adds retail names and products
- Positive Sentiment: The company launched college-football promotions featuring rewards, gift-card offers, DashPass benefits and prize giveaways. The campaign may support customer engagement and food-delivery demand during the season, although its financial impact was not disclosed. DoorDash college football promotion
- Neutral Sentiment: DoorDash said orders involving pecan products increased 28% as restaurants rolled out fall menus earlier. The data points to seasonal consumer activity but does not change the company’s earnings outlook or provide formal guidance. DoorDash fall flavor data
- Negative Sentiment: CEO Tony Xu sold 33,334 shares for approximately $7.67 million, reducing his reported ownership to 1,500 shares. Director Stanley Tang sold 10,134 shares worth about $2.28 million, while General Counsel Tia Sherringham and Chief Accounting Officer Gordon S. Lee also reported sales. The transactions may weigh on sentiment, particularly the sharp reduction in Xu’s holdings, despite being conducted under 10b5-1 plans. DoorDash insider selling
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of DASH. CYBER HORNET ETFs LLC increased its holdings in DoorDash by 1,052.5% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 11,836 shares of the company’s stock worth $2,103,000 after purchasing an additional 10,809 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of DoorDash by 16,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock valued at $19,101,838,000 after buying an additional 102,904,566 shares during the last quarter. Greenland Capital Management LP purchased a new position in shares of DoorDash during the 2nd quarter valued at approximately $246,000. Washington Trust Advisors Inc. increased its stake in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after buying an additional 64 shares during the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of DoorDash by 1.9% in the second quarter. HB Wealth Management LLC now owns 7,584 shares of the company’s stock worth $1,400,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.
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.
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