Cullinan Associates Inc. Sells 3,175 Shares of DoorDash, Inc. (NASDAQ:DASH)

Cullinan Associates Inc. trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 45.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,825 shares of the company's stock after selling 3,175 shares during the period. Cullinan Associates Inc.'s holdings in DoorDash were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DASH. Denver PWM LLC acquired a new position in DoorDash in the 4th quarter worth about $30,000. IFP Advisors Inc increased its position in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. ORG Partners LLC increased its position in DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC increased its position in DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after purchasing an additional 247 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. increased its position in DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

DASH traded up $9.86 during mid-day trading on Monday, reaching $230.32. The stock had a trading volume of 5,155,316 shares, compared to its average volume of 4,225,536. The stock has a market capitalization of $97.60 billion, a P/E ratio of 286.31 and a beta of 1.67. The firm's fifty day simple moving average is $200.53 and its two-hundred day simple moving average is $189.43. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $232.71.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. As a group, analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Morgan Stanley dropped their target price on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group decreased their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Wedbush reiterated an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and an average price target of $213.29.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 44,244 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $220.71, for a total value of $9,765,093.24. Following the transaction, the chief executive officer now directly owns 520,450 shares in the company, valued at $114,868,519.50. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andy Fang sold 30,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the completion of the transaction, the director now owns 22,545 shares in the company, valued at $4,903,988.40. This represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,559 shares of company stock worth $66,306,707 in the last three months. Insiders own 5.83% of the company's stock.

DoorDash 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.