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Maplebear Inc. (NASDAQ:CART - Get Free Report) CEO Fidji Simo sold 3,236 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $35.09, for a total transaction of $113,551.24. Following the completion of the sale, the chief executive officer now directly owns 2,125,301 shares in the company, valued at $74,576,812.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Fidji Simo also recently made the following trade(s):
- On Monday, April 29th, Fidji Simo sold 13,206 shares of Maplebear stock. The shares were sold at an average price of $34.93, for a total value of $461,285.58.
- On Tuesday, March 26th, Fidji Simo sold 20,750 shares of Maplebear stock. The stock was sold at an average price of $38.06, for a total value of $789,745.00.
- On Wednesday, March 20th, Fidji Simo sold 82,461 shares of Maplebear stock. The shares were sold at an average price of $38.07, for a total value of $3,139,290.27.
Maplebear Price Performance
Shares of CART opened at $35.46 on Thursday. The company's 50-day moving average is $35.59 and its 200-day moving average is $28.73. Maplebear Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $42.95.
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Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.52. The company had revenue of $803.00 million during the quarter, compared to analyst estimates of $804.62 million. The company's quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Maplebear Inc. will post 0.53 EPS for the current fiscal year.
Hedge Funds Weigh In On Maplebear
A number of large investors have recently made changes to their positions in CART. Capstone Investment Advisors LLC boosted its stake in Maplebear by 37.7% in the 1st quarter. Capstone Investment Advisors LLC now owns 172,134 shares of the company's stock valued at $6,419,000 after purchasing an additional 47,134 shares during the period. Joel Isaacson & Co. LLC acquired a new stake in shares of Maplebear during the first quarter worth $932,000. Regis Management CO LLC acquired a new stake in shares of Maplebear during the first quarter worth $583,000. Industry Ventures L.L.C. boosted its position in shares of Maplebear by 0.4% in the first quarter. Industry Ventures L.L.C. now owns 949,283 shares of the company's stock valued at $35,399,000 after acquiring an additional 3,939 shares during the period. Finally, Solstein Capital LLC acquired a new position in shares of Maplebear in the first quarter valued at about $233,000. Institutional investors own 63.09% of the company's stock.
Analyst Upgrades and Downgrades
CART has been the subject of several research reports. Morgan Stanley initiated coverage on shares of Maplebear in a research note on Tuesday, January 30th. They set an "equal weight" rating and a $28.00 price target for the company. Fox Advisors lowered shares of Maplebear from an "overweight" rating to an "equal weight" rating in a research note on Monday, April 1st. Loop Capital assumed coverage on shares of Maplebear in a research report on Friday, April 19th. They set a "buy" rating and a $46.00 price target on the stock. Benchmark cut Maplebear from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Finally, Macquarie assumed coverage on Maplebear in a report on Monday, March 25th. They set an "outperform" rating and a $42.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.79.
Check Out Our Latest Analysis on CART
Maplebear Company Profile
(
Get Free Report)
Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.
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