DoorDash (NASDAQ:DASH) COO Sells $12,813,778.64 in Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 55,289 shares of the stock in a transaction on 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 sale, the chief operating officer owned 930,211 shares in the company, valued at $215,585,701.36. The trade was a 5.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $3,778,338.12.

DoorDash Stock Up 2.1%

NASDAQ DASH opened at $236.74 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The firm has a market capitalization of $102.58 billion, a price-to-earnings ratio of 123.95 and a beta of 1.78. The company has a fifty day moving average of $199.10 and a two-hundred day moving average of $176.81.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. On average, analysts predict that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. bought a new position in DoorDash in the fourth quarter worth approximately $26,000. Washington Trust Advisors Inc. increased its holdings in DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares during the period. Swiss RE Ltd. bought a new stake in DoorDash during the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new stake in DoorDash during the 4th quarter valued at $32,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DASH shares. TD Cowen raised their price objective on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Argus set a $190.00 price target on DoorDash in a report on Thursday, June 11th. Benchmark reduced their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Barclays lowered DoorDash from an “equal weight” rating to a “strong sell” rating in a research note on Monday, August 24th. Finally, DA Davidson dropped their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

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.