Doordash president and COO Prabir Adarkar sells shares price $3.37m

SAN FRANCISCO—DoorDash, Inc. (NYSE:NASDAQ:DASH) President and COO Prabir Adarkar not too long ago executed a collection of inventory transactions, in response to a submitting with the Securities and Alternate Fee. The corporate, at present valued at practically $70 billion, has seen its inventory surge 71.5% over the previous yr. On December 27, Adarkar bought shares of the corporate’s Class A typical inventory totaling roughly $3.37 million. The shares had been bought at costs starting from $167.242 to $169.014 per share, close to the inventory’s present buying and selling degree of $167.75. In response to InvestingPro evaluation, which gives complete insights via its Professional Analysis Reviews protecting 1,400+ shares, analyst worth targets for DASH vary from $135 to $217.

Along with the gross sales, Adarkar acquired 20,000 shares via the train of inventory choices at $7.16 per share, bringing the whole worth of those acquired shares to $143,200. Following these transactions, Adarkar holds 925,222 shares of DoorDash inventory.

The gross sales had been performed below a pre-arranged buying and selling plan adopted in June 2024, making certain compliance with insider buying and selling rules.

In different current information, DoorDash has witnessed a collection of constructive analyst revisions. Truist Securities raised the corporate’s inventory goal from $180 to $217, citing sturdy This fall gross order quantity (GOV) within the North American market. DoorDash’s U.S. market GOV exceeded the consensus estimate of $18.8 billion, reaching over $19 billion, a year-over-year enhance of roughly 20%.

RBC Capital Markets additionally elevated its worth goal for DoorDash to $215, highlighting the corporate’s balanced method to progress and profitability. BTIG boosted its inventory goal by 14% to $200, reflecting DoorDash’s sturdy progress trajectory and strong income progress.

Citi maintained a Purchase score for DoorDash and elevated its worth goal to $211, emphasizing the corporate’s constant enhancements in high quality and choice. Mizuho (NYSE:MFG) Securities raised DoorDash’s worth goal to $200, based mostly on the corporate’s potential for revenue progress.

These revisions comply with DoorDash’s sturdy market efficiency, with the corporate’s income reported at $10.15 billion for the final twelve months, a progress charge of 24.56%. These current developments underscore DoorDash’s dedication to progress and operational effectivity.

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