Insider Selling: 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 business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 905,061 shares of the company’s stock, valued at approximately $184,134,660.45. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 stock was sold at an average price of $168.53, for a total value of $3,370,600.00.

DoorDash Trading Up 3.8 %

NASDAQ DASH opened at $198.60 on Thursday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The company has a market capitalization of $83.43 billion, a PE ratio of 735.56 and a beta of 1.72. The firm’s fifty day simple moving average is $183.84 and its 200-day simple moving average is $162.54.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DASH. JMP Securities restated a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Benchmark upped their target price on DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Loop Capital upped their target price on DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Mizuho upped their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

Hedge Funds Weigh In On DoorDash

A number of hedge funds have recently modified their holdings of the stock. GeoWealth Management LLC increased its stake in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after acquiring an additional 51 shares during the last quarter. IFP Advisors Inc increased its stake in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after acquiring an additional 69 shares during the last quarter. Avestar Capital LLC boosted its holdings in DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after purchasing an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares in 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.