Insider Selling: Maplebear (NASDAQ:CART) CAO Sells $149,533.28 in Stock

Maplebear Inc. (NASDAQ:CART – Get Free Report) CAO Lisa Blackwood-Kapral sold 3,016 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $49.58, for a total transaction of $149,533.28. Following the transaction, the chief accounting officer owned 34,699 shares in the company, valued at approximately $1,720,376.42. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lisa Blackwood-Kapral also recently made the following trade(s):

• On Tuesday, September 15th, Lisa Blackwood-Kapral sold 3,017 shares of Maplebear stock. The shares were sold at an average price of $47.08, for a total transaction of $142,040.36.

Maplebear Price Performance

Shares of NASDAQ:CART opened at $50.31 on Thursday. Maplebear Inc. has a one year low of $32.73 and a one year high of $52.68. The company has a 50 day moving average of $48.02 and a 200-day moving average of $45.02. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 0.99 and a beta of 0.87.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CART. BlackRock Inc. bought a new stake in Maplebear in the second quarter valued at approximately $750,477,000. Dimensional Fund Advisors LP raised its holdings in Maplebear by 31.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock worth $186,618,000 after purchasing an additional 1,189,287 shares during the period. William Blair Investment Management LLC bought a new position in shares of Maplebear during the second quarter worth $86,462,000. Deutsche Bank AG bought a new position in shares of Maplebear during the second quarter worth $73,801,000. Finally, Goodnow Investment Group LLC bought a new position in shares of Maplebear during the second quarter worth $69,898,000. Institutional investors own 63.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CART shares. Barclays upped their target price on shares of Maplebear from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Benchmark raised their price target on Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald lifted their price objective on Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their price objective on Maplebear from $55.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Rosenblatt Securities began coverage on Maplebear in a report on Tuesday, September 1st. They issued a “neutral” rating and a $55.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.24.

Get Our Latest Research Report on Maplebear

About Maplebear

(Get Free Report)

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart’s marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.

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