Key Points
- DoorDash COO Prabir Adarkar sold 8,738 shares at an average price of $180.85, generating approximately $1.58 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, and he retained 921,473 shares afterward.
- DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year, but earnings per share of $0.46 narrowly missed the $0.47 analyst consensus estimate.
- Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $257.47, while institutional investors own 90.64% of the company’s shares.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 8,738 shares of DoorDash stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $180.85, for a total value of $1,580,267.30. Following the sale, the chief operating officer owned 921,473 shares of the company's stock, valued at approximately $166,648,392.05. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Prabir Adarkar also recently made the following trade(s):
- On Tuesday, August 25th, Prabir Adarkar sold 55,289 shares of DoorDash stock. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64.
- On Thursday, August 20th, Prabir Adarkar sold 17,126 shares of DoorDash stock. The shares were sold at an average price of $220.62, for a total transaction of $3,778,338.12.
DoorDash Price Performance
NASDAQ DASH opened at $183.55 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $79.53 billion, a PE ratio of 96.10 and a beta of 1.79. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a 50 day moving average price of $206.03 and a two-hundred day moving average price of $181.40.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company earned $0.65 EPS. The business's revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: AI ordering could increase engagement and order frequency. DoorDash is beta-testing a text-to-order AI agent through Apple Messages, allowing customers to request items such as “order my usual” without opening the app. The feature may reduce ordering friction and strengthen customer retention. TechCrunch article about DoorDash’s text-to-order AI agent
- Positive Sentiment: DoorDash is expanding beyond restaurant delivery. New partnerships with Macy’s, Anthropologie, Timberland and other retailers could support higher order volume and diversify revenue, while a retail returns service creates another potential use for its logistics network. Wall Street Journal article about DoorDash’s retail partnerships
- Positive Sentiment: Drone delivery could eventually improve delivery economics. DoorDash unveiled a purpose-built drone and plans initial California tests with Chipotle and Popeyes. The company says the drone is lighter and quieter than Amazon’s model; successful deployment could reduce delivery times and labor costs over the longer term. DroneLife article about DoorDash’s drone delivery system
- Neutral Sentiment: DoorDash is investing in international technology capacity. The company plans to create 3,000 jobs at a new Hyderabad technology hub over two years, which may support product development but also increases near-term operating investment. Reuters article about DoorDash’s India technology hub
- Negative Sentiment: Legal and valuation risks remain investor concerns. A reported $131.5 million New York City payout over alleged delivery-worker underpayment, along with a new investor investigation notice, could pressure earnings and raise regulatory risk. Analysts also argued Shopify has a stronger growth outlook, while DoorDash’s elevated valuation leaves less room for disappointment. COO Prabir Adarkar separately sold shares under a pre-arranged 10b5-1 plan, a transaction that is not necessarily a bearish signal but may add short-term sentiment pressure. Investor investigation notice involving DoorDash
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of DASH. SC US Ttgp LTD. boosted its stake in DoorDash by 1.6% during the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company's stock worth $7,176,387,000 after buying an additional 506,358 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of DoorDash by 40.2% in 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 buying an additional 2,225,954 shares in the last quarter. Sands Capital Management LLC raised its stake in shares of DoorDash by 11.8% in the 4th quarter. Sands Capital Management LLC now owns 4,496,607 shares of the company's stock valued at $1,018,392,000 after buying an additional 473,316 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in shares of DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company's stock worth $519,744,000 after acquiring an additional 1,145,078 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of DoorDash by 18.4% during the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company's stock valued at $517,907,000 after acquiring an additional 536,080 shares in the last quarter. 90.64% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. BTIG Research reaffirmed a "buy" rating and issued a $225.00 price target on shares of DoorDash in a research report on Thursday, August 6th. Guggenheim reissued a "buy" rating and set a $255.00 price objective on shares of DoorDash in a report on Tuesday, June 23rd. UBS Group reissued a "buy" rating and issued a $295.00 price objective on shares of DoorDash in a research note on Tuesday, September 8th. Benchmark reduced their target price on DoorDash from $285.00 to $270.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Finally, Zacks Research raised DoorDash from a "strong sell" rating to a "hold" rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $257.47.
Read Our Latest Report on DASH
DoorDash Company Profile
(
Get Free Report)
DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.
DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.
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