Key Points
- DoorDash COO Prabir Adarkar sold 15,000 shares on Jan. 20 at an average price of $204.59 for total proceeds of $3,068,850, leaving him with 874,130 shares (a 1.69% reduction).
- The Jan. 20 sale continues a recent pattern of insider disposals by Adarkar, who also sold 30,000 shares on Dec. 22 and 24,489 shares on Nov. 24.
- DASH trades with a market cap of about $89.5B and a P/E of ~105, with a 1-year range of $155.40–$285.50; analysts have an average rating of "Moderate Buy" and an average price target near $281.26.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 15,000 shares of the business's stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the sale, the chief operating officer directly owned 874,130 shares in the company, valued at approximately $178,838,256.70. This represents a 1.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Prabir Adarkar also recently made the following trade(s):
- On Monday, December 22nd, Prabir Adarkar sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $234.57, for a total transaction of $7,037,100.00.
- On Monday, November 24th, Prabir Adarkar sold 24,489 shares of DoorDash stock. The shares were sold at an average price of $187.36, for a total transaction of $4,588,259.04.
DoorDash Stock Performance
DASH opened at $207.65 on Friday. The stock has a market cap of $89.50 billion, a P/E ratio of 105.41 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The stock's 50 day simple moving average is $217.08 and its 200 day simple moving average is $239.46. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business's revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in DASH. Physician Wealth Advisors Inc. increased its stake in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Eastern Bank grew its holdings in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after buying an additional 100 shares during the period. GFG Capital LLC acquired a new position in shares of DoorDash during the 2nd quarter valued at about $30,000. Sunbelt Securities Inc. increased its stake in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of DoorDash during the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 90.64% of the company's stock.
Analysts Set New Price Targets
DASH has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of DoorDash from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, November 6th. Barclays reduced their price target on shares of DoorDash from $272.00 to $238.00 and set an "equal weight" rating on the stock in a report on Thursday, November 6th. Exane BNP Paribas raised shares of DoorDash to a "strong-buy" rating in a research note on Wednesday, January 14th. Truist Financial lifted their price objective on DoorDash from $326.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, October 23rd. Finally, Benchmark increased their target price on DoorDash from $315.00 to $320.00 and gave the company a "buy" rating in a report on Tuesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $281.26.
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About DoorDash
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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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