DoorDash, Inc. (NASDAQ:DASH) COO Sells $3,711,600.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $185.58, for a total value of $3,711,600.00. Following the transaction, the chief operating officer now directly owns 887,348 shares of the company’s stock, valued at $164,674,041.84. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 20th, Prabir Adarkar sold 20,161 shares of DoorDash stock. The shares were sold at an average price of $203.45, for a total value of $4,101,755.45.
• 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.

DoorDash Stock Performance

DASH stock opened at $173.99 on Friday. The stock’s 50 day moving average price is $192.30 and its 200 day moving average price is $173.24. The firm has a market cap of $73.09 billion, a P/E ratio of 644.41 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DASH. Benchmark lifted their price target on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price objective (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. KeyCorp increased their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Morgan Stanley raised their price target on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, UBS Group upped their price objective on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $207.29.

Hedge Funds Weigh In On DoorDash

A number of institutional investors have recently made changes to their positions in the stock. Townsquare Capital LLC increased its position in DoorDash by 129.6% during the 3rd quarter. Townsquare Capital LLC now owns 5,640 shares of the company’s stock worth $805,000 after purchasing an additional 3,184 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of DoorDash by 9.6% during the third quarter. Captrust Financial Advisors now owns 8,162 shares of the company’s stock worth $1,165,000 after buying an additional 718 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of DoorDash by 8,108.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 253,649 shares of the company’s stock valued at $36,203,000 after buying an additional 250,559 shares during the period. Cinctive Capital Management LP acquired a new stake in DoorDash during the third quarter worth approximately $873,000. Finally, HighTower Advisors LLC boosted its position in DoorDash by 4.6% during the third quarter. HighTower Advisors LLC now owns 21,538 shares of the company’s stock worth $3,054,000 after acquiring an additional 944 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

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.