DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 10,000 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the transaction, the chief operating officer owned 843,678 shares in the company, valued at $158,898,314.52. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Prabir Adarkar also recently made the following trade(s):
- On Monday, March 23rd, Prabir Adarkar sold 10,000 shares of DoorDash stock. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00.
DoorDash Price Performance
Shares of NASDAQ DASH opened at $182.27 on Thursday. The firm's 50-day moving average price is $166.12 and its 200-day moving average price is $203.90. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The firm has a market capitalization of $79.18 billion, a P/E ratio of 85.98 and a beta of 1.93. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the company posted $0.33 EPS. DoorDash's revenue for the quarter was up 37.7% on a year-over-year basis. Equities research analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.
Institutional Investors Weigh In On DoorDash
Several hedge funds and other institutional investors have recently made changes to their positions in DASH. Norges Bank bought a new stake in shares of DoorDash during the fourth quarter worth about $1,093,650,000. Wellington Management Group LLP increased its position in shares of DoorDash by 593.1% during the fourth quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company's stock worth $1,241,494,000 after acquiring an additional 4,690,744 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company's stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares in the last quarter. Coatue Management LLC increased its position in shares of DoorDash by 77.8% during the fourth quarter. Coatue Management LLC now owns 4,365,365 shares of the company's stock worth $988,668,000 after acquiring an additional 1,910,488 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in DoorDash in the 4th quarter worth about $372,128,000. 90.64% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on DASH. Bank of America upped their price objective on shares of DoorDash from $260.00 to $272.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Barclays dropped their price objective on shares of DoorDash from $238.00 to $220.00 and set an "equal weight" rating on the stock in a report on Thursday, February 19th. BNP Paribas Exane began coverage on shares of DoorDash in a report on Wednesday, January 14th. They set an "outperform" rating and a $280.00 price objective on the stock. Guggenheim dropped their price objective 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. Finally, Evercore set a $300.00 target price on shares of DoorDash in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $261.32.
View Our Latest Research Report on DASH
About DoorDash
(
Get Free Report)
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.
Further Reading
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