Key Points
- COO Prabir Adarkar sold 24,489 DoorDash shares on Nov. 24 at an average of $187.36 for a total of $4,588,259.04, trimming his stake by 2.73% to 874,130 shares; this follows sizable insider sales in October and September.
- DoorDash missed EPS expectations in the latest quarter ($0.55 vs. $0.68 est.) but reported revenue of $3.45 billion, up 27.3% year‑over‑year.
- Analysts hold a consensus “Moderate Buy” rating with a mean price target of $275.62, and institutional investors own about 90.64% of the stock.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 24,489 shares of DoorDash stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $187.36, for a total transaction of $4,588,259.04. Following the completion of the sale, the chief operating officer owned 874,130 shares of the company's stock, valued at $163,776,996.80. This trade represents a 2.73% decrease in their ownership of the stock. The transaction 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 Tuesday, October 14th, Prabir Adarkar sold 24,968 shares of DoorDash stock. The stock was 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 Trading Up 1.3%
NASDAQ:DASH opened at $198.50 on Friday. The company has a market capitalization of $85.55 billion, a P/E ratio of 100.76 and a beta of 1.70. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The firm has a fifty day simple moving average of $241.74 and a 200-day simple moving average of $238.22.
DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. DoorDash's revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on DASH shares. Weiss Ratings restated a "hold (c)" rating on shares of DoorDash in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on shares of DoorDash from $300.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, November 6th. Morgan Stanley lifted their price objective on shares of DoorDash from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, October 20th. Benchmark increased their price objective on shares of DoorDash from $315.00 to $320.00 and gave the stock a "buy" rating in a research note on Tuesday, November 4th. Finally, Bank of America reduced their target price on shares of DoorDash from $325.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, November 6th. One research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $275.62.
Read Our Latest Stock Analysis on DoorDash
Institutional Trading of DoorDash
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Night Squared LP purchased a new position in DoorDash in the 1st quarter valued at about $2,780,000. Public Investment Fund boosted its stake in shares of DoorDash by 68.3% in the first quarter. Public Investment Fund now owns 821,389 shares of the company's stock worth $150,125,000 after acquiring an additional 333,369 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in shares of DoorDash in the first quarter worth approximately $7,200,000. Ardmore Road Asset Management LP increased its position in shares of DoorDash by 6.7% during the first quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company's stock worth $14,622,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Junto Capital Management LP acquired a new position in DoorDash in the 1st quarter valued at $29,261,000. Institutional investors and hedge funds own 90.64% of the company's stock.
DoorDash Company Profile
(
Get Free Report)
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.
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