DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Prabir Adarkar sold 19,898 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $3,382,262.04. Following the transaction, the chief operating officer now owns 943,196 shares in the company, valued at $160,324,456.08. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Prabir Adarkar also recently made the following trade(s):
DoorDash stock traded up $4.07 during midday trading on Friday, hitting $177.24. 3,231,646 shares of the stock were exchanged, compared to its average volume of 3,800,685. The company has a 50 day moving average price of $152.69 and a two-hundred day moving average price of $128.46. The firm has a market cap of $73.63 billion, a P/E ratio of -385.88, a P/E/G ratio of 14.82 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $92.56 and a 1 year high of $178.16.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the business posted ($0.19) earnings per share. DoorDash's revenue for the quarter was up 25.0% on a year-over-year basis. As a group, analysts predict that DoorDash, Inc. will post 0.24 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. increased its position in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Meeder Asset Management Inc. raised its stake in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DoorDash during the second quarter valued at approximately $32,000. Versant Capital Management Inc lifted its holdings in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company's stock worth $36,000 after buying an additional 259 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock valued at $37,000 after acquiring an additional 204 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of DoorDash from $137.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and issued a $115.00 target price on shares of DoorDash in a research note on Friday, August 2nd. Royal Bank of Canada raised their price target on DoorDash from $165.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Morgan Stanley increased their price objective on DoorDash from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Bank of America upped their target price on shares of DoorDash from $168.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and an average target price of $164.03.
View Our Latest Research Report on DoorDash
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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