DoorDash, Inc. (NASDAQ:DASH) COO Sells $4,101,755.45 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,161 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $4,101,755.45. Following the completion of the sale, the chief operating officer now directly owns 905,061 shares of the company’s stock, valued at $184,134,660.45. This represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Prabir Adarkar also recently made the following trade(s):

• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00.
• On Friday, December 27th, Prabir Adarkar sold 20,000 shares of DoorDash stock. The shares were sold at an average price of $168.53, for a total value of $3,370,600.00.

DoorDash Trading Down 2.0 %

Shares of DoorDash stock opened at $195.87 on Tuesday. The firm has a market capitalization of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The business’s 50-day moving average price is $182.89 and its 200-day moving average price is $161.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. lifted its holdings 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 acquiring an additional 130 shares during the last quarter. Pittenger & Anderson Inc. purchased a new position in DoorDash in the 4th quarter worth $29,000. Denver PWM LLC purchased a new position in DoorDash in the 4th quarter worth $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash in the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash during the fourth quarter valued at about $36,000. 90.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DASH. Loop Capital lifted their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada lifted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. KeyCorp increased their target price on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Barclays lifted their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley boosted their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $206.52.

About 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.