Maplebear Inc. (NASDAQ:CART - Get Free Report) CEO Fidji Simo sold 20,750 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $42.74, for a total value of $886,855.00. Following the completion of the sale, the chief executive officer now owns 1,771,993 shares in the company, valued at approximately $75,734,980.82. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Fidji Simo also recently made the following trade(s):
- On Monday, November 25th, Fidji Simo sold 20,750 shares of Maplebear stock. The shares were sold at an average price of $42.97, for a total transaction of $891,627.50.
- On Tuesday, October 29th, Fidji Simo sold 20,750 shares of Maplebear stock. The stock was sold at an average price of $44.39, for a total transaction of $921,092.50.
Maplebear Price Performance
Maplebear stock traded down $0.05 during trading hours on Friday, hitting $42.02. The company had a trading volume of 4,655,687 shares, compared to its average volume of 4,008,701. The firm's fifty day moving average is $43.70 and its 200-day moving average is $38.18. The firm has a market capitalization of $10.79 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 1.08 and a beta of 0.94. Maplebear Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $50.01.
Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.20. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business had revenue of $852.00 million during the quarter, compared to analyst estimates of $844.03 million. During the same period last year, the company earned ($20.86) earnings per share. Maplebear's quarterly revenue was up 11.5% compared to the same quarter last year. Analysts anticipate that Maplebear Inc. will post 1.4 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently commented on CART shares. Jefferies Financial Group assumed coverage on shares of Maplebear in a research note on Wednesday, October 16th. They set a "hold" rating and a $43.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on Maplebear in a research note on Tuesday, December 3rd. They issued a "hold" rating and a $37.00 price objective on the stock. Loop Capital raised their target price on Maplebear from $49.00 to $56.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $45.00 price target on shares of Maplebear in a research report on Monday, October 7th. Finally, Macquarie raised their price objective on shares of Maplebear from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.14.
Get Our Latest Analysis on Maplebear
Institutional Investors Weigh In On Maplebear
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Maplebear by 936.7% in the second quarter. Bank of New York Mellon Corp now owns 489,761 shares of the company's stock worth $15,741,000 after buying an additional 442,517 shares during the last quarter. State of Michigan Retirement System acquired a new position in shares of Maplebear during the 2nd quarter worth $484,000. Atomi Financial Group Inc. bought a new position in shares of Maplebear during the 2nd quarter valued at $637,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Maplebear in the 2nd quarter valued at $498,000. Finally, Eos Management L.P. bought a new stake in Maplebear in the second quarter worth $511,000. 63.09% of the stock is owned by hedge funds and other institutional investors.
Maplebear Company Profile
(
Get Free Report)
Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.
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