DoorDash (NASDAQ:DASH) COO Sells $3,778,338.12 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 17,126 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $3,778,338.12. Following the completion of the transaction, the chief operating officer directly owned 941,950 shares of the company’s stock, valued at $207,813,009. The trade was a 1.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 26th, Prabir Adarkar sold 21,739 shares of DoorDash stock. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75.

DoorDash Stock Up 1.5%

DoorDash stock opened at $236.93 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $102.66 billion, a PE ratio of 124.05 and a beta of 1.78. The business has a 50 day simple moving average of $196.67 and a 200-day simple moving average of $176.04. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. DoorDash’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts anticipate that DoorDash, Inc. will post 2.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen increased their target price on DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price target on shares of DoorDash in a research report on Thursday, August 6th. Cantor Fitzgerald increased their price objective on DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Benchmark lowered their target price on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Finally, Barclays lowered shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a report on Monday. Twenty-three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $254.53.

Institutional Trading of DoorDash

Several institutional investors have recently added to or reduced their stakes in DASH. CYBER HORNET ETFs LLC lifted its stake in DoorDash by 1,052.5% during the second quarter. CYBER HORNET ETFs LLC now owns 11,836 shares of the company’s stock worth $2,103,000 after purchasing an additional 10,809 shares in the last quarter. California State Teachers Retirement System lifted its stake in DoorDash by 16,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock worth $19,101,838,000 after acquiring an additional 102,904,566 shares in the last quarter. Greenland Capital Management LP purchased a new position in DoorDash during the 2nd quarter valued at about $246,000. Washington Trust Advisors Inc. grew its position in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after acquiring an additional 64 shares in the last quarter. Finally, HB Wealth Management LLC increased its stake in DoorDash by 1.9% during the second quarter. HB Wealth Management LLC now owns 7,584 shares of the company’s stock worth $1,400,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash added Kohl’s, Barnes & Noble and Carter’s to its retail delivery offerings, expanding access to roughly 500,000 additional products ahead of the back-to-school season. The move supports DoorDash’s strategy of becoming a broader on-demand commerce platform and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football promotions, including rewards, gift-card incentives, DashPass benefits and contests featuring prizes such as a Dodge Charger. The campaign could improve brand engagement and stimulate food-delivery demand during the football season, though its revenue impact was not quantified. DoorDash college football rewards program
• Positive Sentiment: DoorDash participated in a $37 million funding round for Airbound, a drone-delivery company scaling manufacturing. The investment offers a longer-term opportunity to improve delivery speed and efficiency, although it is not expected to materially affect near-term earnings. Airbound raises funding from DoorDash and others
• Neutral Sentiment: DoorDash reported that pecan orders rose 28% as restaurants introduce fall menus earlier. The data highlights seasonal consumer demand and provides marketing value, but does not represent company financial guidance. DoorDash fall flavor data
• Negative Sentiment: Several insiders disclosed sales, including CEO Tony Xu’s sale of 33,334 shares for approximately $7.67 million and director Stanley Tang’s sale of 10,134 shares for about $2.28 million. The general counsel and chief accounting officer also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the size of the CEO’s position reduction may concern investors. DoorDash insider selling

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.