DoorDash COO Prabir Adarkar Sells $12.8 Million in Shares Amid Positive Q2 Results
Prabir Adarkar, COO of DoorDash, Inc., sold shares worth approximately $12.8 million on August 25, 2026. This sale follows a significant increase in DoorDash's stock price and a positive revenue report for Q2 2026, which may affect investor confidence and stock valuation.
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On August 25, 2026, Prabir Adarkar sold 55,289 shares of DoorDash, Inc. at prices between $227.47 and $234.46, totaling approximately $12.8 million. Earlier that day, Adarkar exercised options to acquire 43,550 shares at $7.16 each, costing $311,818.
Currently, DoorDash shares trade at $231.91, with a market capitalization of $102.66 billion. Revenue for Q2 2026 reached $4.5 billion, up 36% year-over-year, surpassing estimates. Analysts from Susquehanna and Argus raised price targets to $250 and $270, respectively, citing growth in grocery delivery. Recent partnership expansions with Serve Robotics in Washington, DC, and San Jose may enhance service capabilities.
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