DoorDash, Inc. (NYSE:DASH – Get Free Report) COO Prabir Adarkar sold 8,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $78.97, for a total transaction of $631,760.00. Following the sale, the chief operating officer now owns 970,676 shares of the company’s stock, valued at $76,654,283.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Prabir Adarkar also recently made the following trade(s):
- On Friday, September 8th, Prabir Adarkar sold 8,000 shares of DoorDash stock. The shares were sold at an average price of $81.81, for a total transaction of $654,480.00.
- On Monday, August 21st, Prabir Adarkar sold 19,432 shares of DoorDash stock. The shares were sold at an average price of $76.02, for a total transaction of $1,477,220.64.
DoorDash Stock Up 0.9 %
NYSE DASH opened at $74.51 on Friday. The company has a fifty day moving average of $80.46 and a two-hundred day moving average of $73.16. The firm has a market capitalization of $29.30 billion, a price-to-earnings ratio of -22.79 and a beta of 1.61. DoorDash, Inc. has a 52 week low of $41.37 and a 52 week high of $92.61.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of DASH. Renaissance Capital LLC boosted its stake in shares of DoorDash by 28.2% during the third quarter. Renaissance Capital LLC now owns 152,764 shares of the company’s stock valued at $12,140,000 after purchasing an additional 33,616 shares during the period. Barclays PLC boosted its stake in shares of DoorDash by 236.5% during the second quarter. Barclays PLC now owns 458,340 shares of the company’s stock valued at $35,026,000 after purchasing an additional 322,145 shares during the period. Comerica Bank purchased a new stake in shares of DoorDash during the second quarter valued at $15,220,000. California State Teachers Retirement System boosted its stake in shares of DoorDash by 9.3% during the second quarter. California State Teachers Retirement System now owns 431,321 shares of the company’s stock valued at $32,962,000 after purchasing an additional 36,627 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of DoorDash by 29.9% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 168,834 shares of the company’s stock valued at $12,902,000 after purchasing an additional 38,821 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DASH has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of DoorDash from $70.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. Truist Financial raised their price target on shares of DoorDash from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Roth Mkm raised their price target on shares of DoorDash from $73.00 to $91.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Gordon Haskett downgraded shares of DoorDash from a “buy” rating to a “hold” rating and dropped their price target for the company from $73.00 to $72.00 in a report on Wednesday, June 14th. Finally, Barclays raised their price target on shares of DoorDash from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.77.
Get Our Latest Report on DoorDash
DoorDash Company Profile
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
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