Maplebear Inc. (NASDAQ:CART - Get Free Report) CEO Fidji Simo sold 20,750 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $43.31, for a total transaction of $898,682.50. Following the sale, the chief executive officer now directly owns 1,662,692 shares in the company, valued at $72,011,190.52. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Fidji Simo also recently made the following trade(s):
- On Wednesday, December 18th, Fidji Simo sold 20,750 shares of Maplebear stock. The shares were sold at an average price of $42.74, for a total transaction of $886,855.00.
Maplebear Stock Down 0.1 %
CART traded down $0.03 during trading on Tuesday, reaching $38.87. 4,084,074 shares of the company were exchanged, compared to its average volume of 3,870,898. Maplebear Inc. has a 12-month low of $29.84 and a 12-month high of $53.44. The company's 50-day moving average is $46.37 and its two-hundred day moving average is $42.92. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.19 and a beta of 1.34.
Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.16. The firm had revenue of $883.00 million for the quarter, compared to the consensus estimate of $889.98 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. Equities analysts forecast that Maplebear Inc. will post 1.43 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of Maplebear by 46.6% in the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock worth $29,000 after buying an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Maplebear during the 3rd quarter worth approximately $33,000. Allworth Financial LP grew its holdings in shares of Maplebear by 101.4% in the fourth quarter. Allworth Financial LP now owns 834 shares of the company's stock worth $37,000 after purchasing an additional 420 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Maplebear by 277.9% during the fourth quarter. NewEdge Advisors LLC now owns 975 shares of the company's stock valued at $40,000 after acquiring an additional 717 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new position in Maplebear during the 4th quarter valued at approximately $46,000. 63.09% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Maplebear from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Bank of America boosted their target price on Maplebear from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Seaport Res Ptn upgraded Maplebear to a "strong-buy" rating in a report on Wednesday, February 12th. Wedbush decreased their price objective on Maplebear from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Mizuho cut their price target on Maplebear from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.92.
Read Our Latest Stock Report on Maplebear
About Maplebear
(
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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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