Cullinan Associates Inc. Has $1.17 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Cullinan Associates Inc. cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock after selling 5,000 shares during the period. Cullinan Associates Inc.’s holdings in DoorDash were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Algert Global LLC bought a new stake in shares of DoorDash during the second quarter worth $338,000. Cetera Investment Advisers raised its stake in shares of DoorDash by 7.2% during the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock valued at $1,278,000 after acquiring an additional 788 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in DoorDash during the 2nd quarter worth about $779,000. GAMMA Investing LLC boosted its holdings in DoorDash by 19.3% in the third quarter. GAMMA Investing LLC now owns 941 shares of the company’s stock valued at $134,000 after acquiring an additional 152 shares during the last quarter. Finally, Everpar Advisors LLC acquired a new stake in DoorDash during the 3rd quarter valued at approximately $220,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $190.80 on Tuesday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $192.78. The business has a 50 day moving average of $175.53 and a 200 day moving average of $152.23.

Insider Activity

In other news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,375. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DASH shares. Jefferies Financial Group upped their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Mizuho raised their target price on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, KeyCorp raised their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.39.

DoorDash Company Profile

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.