DoorDash, Inc. (NASDAQ:DASH – Get Free Report) COO Prabir Adarkar sold 21,739 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the transaction, the chief operating officer directly owned 959,076 shares in the company, valued at approximately $148,896,549. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 Monday, April 20th, Prabir Adarkar sold 10,000 shares of DoorDash stock. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00.
- On Monday, March 23rd, Prabir Adarkar sold 10,000 shares of DoorDash stock. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00.
DoorDash Stock Performance
Shares of DoorDash stock traded down $0.88 during mid-day trading on Thursday, hitting $156.70. 4,373,274 shares of the stock were exchanged, compared to its average volume of 4,921,022. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a 50-day simple moving average of $162.58 and a 200 day simple moving average of $187.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $68.28 billion, a P/E ratio of 74.62 and a beta of 1.87.
Wall Street Analyst Weigh In
Several research firms have commented on DASH. Citigroup dropped their target price on shares of DoorDash from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Roth Mkm reaffirmed a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 19th. Guggenheim lowered their price target on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Benchmark lifted their price target on shares of DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Oppenheimer lowered their price target on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.58.
Get Our Latest Stock Analysis on DASH
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in DASH. Norges Bank purchased a new position in shares of DoorDash during the 4th quarter valued at $1,093,650,000. Wellington Management Group LLP grew its position in shares of DoorDash by 593.1% during the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock valued at $1,241,494,000 after purchasing an additional 4,690,744 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of DoorDash by 32.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after purchasing an additional 3,447,754 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of DoorDash by 40.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after purchasing an additional 2,225,954 shares in the last quarter. Finally, Coatue Management LLC grew its position in shares of DoorDash by 77.8% during the 4th quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock valued at $988,668,000 after purchasing an additional 1,910,488 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
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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