Key Points
- DoorDash COO Prabir Adarkar sold 55,289 shares for approximately $12.8 million under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 5.61% to 930,211 shares.
- DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above estimates, but EPS of $0.46 slightly missed expectations. The stock opened at $231.89, with a market capitalization of about $100.5 billion.
- Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $254.53; 90.64% of the stock is held by institutional investors.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 55,289 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were 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 in the company, valued at approximately $215,585,701.36. This represents a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 Stock Down 2.1%
DASH opened at $231.89 on Friday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The firm's fifty day moving average price is $197.83 and its two-hundred day moving average price is $176.39. The company has a market capitalization of $100.48 billion, a P/E ratio of 121.41 and a beta of 1.78.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the firm earned $0.65 EPS. The company's quarterly revenue was up 35.6% compared to the same quarter last year. On average, analysts anticipate that DoorDash, Inc. will post 2.46 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on DASH. Needham & Company LLC reissued a "buy" rating and issued a $265.00 price target on shares of DoorDash in a research report on Thursday, August 6th. BTIG Research reaffirmed a "buy" rating and issued a $225.00 target price on shares of DoorDash in a report on Thursday, August 6th. DA Davidson cut their price target on shares of DoorDash from $224.00 to $200.00 and set a "neutral" rating for the company in a report on Thursday, May 7th. Jefferies Financial Group upped their price objective on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Bank of America reaffirmed a "buy" rating on shares of DoorDash in a report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $254.53.
Check Out Our Latest Analysis on DASH
Institutional Trading of DoorDash
Several hedge funds have recently modified their holdings of DASH. Brighton Jones LLC raised its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock valued at $314,000 after buying an additional 303 shares during the last quarter. Empowered Funds LLC increased its stake in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock valued at $1,486,000 after buying an additional 285 shares during the period. Sivia Capital Partners LLC increased its stake in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock valued at $1,049,000 after buying an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of DoorDash during the second quarter worth $222,000. 90.64% of the stock is owned by institutional investors.
More DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash expanded its retail marketplace by adding Kohl’s, Barnes & Noble and Carter’s, bringing approximately 500,000 additional products to its platform ahead of the back-to-school season. The move supports DoorDash’s strategy to diversify beyond restaurant delivery and could increase order frequency and marketplace volume. DoorDash adds retail names and products
- Positive Sentiment: The company launched college-football season promotions featuring rewards, gift-card offers, DashPass perks and prize contests. The campaign could strengthen customer engagement and support delivery demand, although no financial impact was provided. DoorDash college football promotion
- Neutral Sentiment: DoorDash reported that pecan orders increased 28% as restaurants rolled out fall menus earlier. The data illustrates seasonal demand and offers marketing exposure, but it is not company guidance or a material financial forecast. DoorDash fall flavor data
- Negative Sentiment: Several executives and directors disclosed stock sales: COO Prabir Adarkar sold 55,289 shares for about $12.8 million; CEO Tony Xu sold 33,334 shares for roughly $7.7 million; and Director Stanley Tang sold 10,134 shares for approximately $2.3 million. The general counsel and chief accounting officer also sold shares. All transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their value as a bearish signal, but the scale of the sales—particularly Xu’s sharply reduced ownership—could still weigh on sentiment. DoorDash insider sales
DoorDash Company Profile
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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.
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