The company also reported a wider than expected third-quarter loss per. DoorDash plans to offer some employees extra equity to. DoorDash shares closed up 11.58 on Wednesday after the company announced it would acquire Wolt for 8.1 billion. DoorDash CFO Inukonda sells 7,000 class A shares September 1, 2023TipRanks. Leaked memo shows DoorDash executives are giving some employees more equity grants to make up for the companys plunging stock price. DoorDash ( DASH -3.10) made a huge splash late last year with its IPO. The final pricing exceeded its previously. The food-delivery company raised roughly 3.4 billion in its IPO, selling shares at 102 each. The stock also remains up by about 8 over the last. The stock is listed on the New York Stock Exchange. Ravi Inukonda, DoorDash's vice president of finance and strategy, will become CFO. Analysts Offer Insights on NA Companies: DoorDash (DASH) and Costco (COST) September 3, 2023TipRanks. leader in restaurant delivery was one of the hottest IPOs of 2020, but tread cautiously. DoorDash stock (NYSE: DASH) has gained about 4 over the last week, outperforming the S&P 500 which remained roughly flat over the same period. Payne will be succeeded by DoorDash CFO Prabir Adarkar, who will take over the COO role effective March 1. Analysts surveyed by StreetAccount were looking for $15 billion in marketplace gross order volume.ĭoorDash said in the quarterly earnings report that its president and COO Christopher Payne will retire from the company. Personal Loans for 670 Credit Score or LowerĭoorDash attributed the wider-than-expected loss for the fourth quarter to charges related to its acquisition of Finnish food delivery company Wolt, and stock-based compensation expenses related to the layoffs last November, which resulted in 1,250 jobs being cut.ĭoorDash said the total number of orders it delivered in the fourth quarter grew 27% to 467 million, which topped Wall Street's projections for roughly 458 million orders, according to StreetAccount.įor the current quarter, DoorDash said it expects marketplace gross order volume to be between $15.1 billion and $15.5 billion. Personal Loans for 580 Credit Score or Lower The DoorDash stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge. Best Debt Consolidation Loans for Bad Credit
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