DoorDash (NASDAQ:DASH) COO Prabir Adarkar Sells 55,289 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 55,289 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total value of $12,813,778.64. Following the transaction, the chief operating officer directly owned 930,211 shares in the company, valued at approximately $215,585,701.36. This represents a 5.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Prabir Adarkar sold 17,126 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $3,778,338.12.

DoorDash Stock Down 2.1%

DASH opened at $231.89 on Friday. The firm has a market cap of $100.48 billion, a P/E ratio of 121.41 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The business has a 50 day moving average price of $197.83 and a 200 day moving average price of $176.39. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 2.46 EPS for the current year.

Institutional Trading of DoorDash

A number of hedge funds have recently bought and sold shares of DASH. MV Capital Management Inc. bought a new position in shares of DoorDash during the 4th quarter worth about $26,000. Washington Trust Advisors Inc. lifted its stake in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares during the period. Swiss RE Ltd. bought a new stake in shares of DoorDash in the fourth quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new stake in DoorDash during the fourth quarter worth about $32,000. Finally, Sunbelt Securities Inc. grew its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DASH has been the subject of a number of research analyst reports. DA Davidson cut their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 price target (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Cantor Fitzgerald lifted their price objective on DoorDash from $230.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. BTIG Research reissued a “buy” rating and set a $225.00 price objective on shares of DoorDash in a research report on Thursday, August 6th. Finally, Barclays cut DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.53.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash expanded its retail marketplace by adding Kohl’s, Barnes & Noble and Carter’s, bringing approximately 500,000 additional products to its platform ahead of the back-to-school season. The move supports DoorDash’s strategy to diversify beyond restaurant delivery and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football season promotions featuring rewards, gift-card offers, DashPass perks and prize contests. The campaign could strengthen customer engagement and support delivery demand, although no financial impact was provided. DoorDash college football promotion
• Neutral Sentiment: DoorDash reported that pecan orders increased 28% as restaurants rolled out fall menus earlier. The data illustrates seasonal demand and offers marketing exposure, but it is not company guidance or a material financial forecast. DoorDash fall flavor data
• Negative Sentiment: Several executives and directors disclosed stock sales: COO Prabir Adarkar sold 55,289 shares for about $12.8 million; CEO Tony Xu sold 33,334 shares for roughly $7.7 million; and Director Stanley Tang sold 10,134 shares for approximately $2.3 million. The general counsel and chief accounting officer also sold shares. All transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their value as a bearish signal, but the scale of the sales—particularly Xu’s sharply reduced ownership—could still weigh on sentiment. DoorDash insider sales

About DoorDash

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.