Insider Selling: Maplebear (NASDAQ:CART) Insider Sells $918,764.40 in Stock

Posted by Geri Gentry on Aug 29th, 2026

Maplebear Inc. (NASDAQ:CART – Get Free Report) insider Morgan Fong sold 18,390 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $49.96, for a total transaction of $918,764.40. Following the completion of the transaction, the insider directly owned 529,911 shares in the company, valued at $26,474,353.56. The trade was a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maplebear Price Performance

Shares of CART opened at $50.54 on Friday. The firm has a 50-day simple moving average of $47.35 and a two-hundred day simple moving average of $42.19. Maplebear Inc. has a 1-year low of $32.73 and a 1-year high of $52.05. The stock has a market cap of $11.70 billion, a PE ratio of 27.62, a P/E/G ratio of 0.74 and a beta of 0.78.

Maplebear (NASDAQ:CART – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that Maplebear Inc. will post 2.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CART. Wedbush started coverage on Maplebear in a research note on Thursday, July 16th. They set an “outperform” rating and a $59.00 target price on the stock. Guggenheim boosted their price target on shares of Maplebear from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Citigroup raised their price objective on shares of Maplebear from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Maplebear in a report on Friday, August 7th. Finally, Wells Fargo & Company upped their target price on shares of Maplebear from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Maplebear presently has an average rating of “Moderate Buy” and an average target price of $55.90.

Get Our Latest Report on Maplebear

Institutional Investors Weigh In On Maplebear

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Maplebear in the 2nd quarter valued at about $750,477,000. California State Teachers Retirement System grew its position in shares of Maplebear by 4,490.8% during the second quarter. California State Teachers Retirement System now owns 9,115,159 shares of the company’s stock worth $431,603,000 after buying an additional 8,916,607 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of Maplebear during the second quarter worth approximately $169,782,000. Marshall Wace LLP purchased a new stake in shares of Maplebear during the fourth quarter worth approximately $126,206,000. Finally, Norges Bank acquired a new stake in Maplebear in the fourth quarter valued at approximately $97,221,000. Hedge funds and other institutional investors own 63.09% of the company’s stock.

About Maplebear

(Get Free Report)

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.