Key Points
- CAO Lisa Blackwood-Kapral sold 9,390 shares of Maplebear on April 15 at an average price of $40.25 for $377,947.50, reducing her stake by 13.74% to 58,971 shares (≈$2.37M).
- The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, and she previously sold another 9,390 shares on March 16 at $38.74 for $363,768.60, indicating multiple planned disposals.
- Maplebear (NASDAQ:CART) trades near $41.39 with a market cap of about $9.8B; analysts give an average rating of "Moderate Buy" and an average price target of $51.29.
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Maplebear Inc. (NASDAQ:CART - Get Free Report) CAO Lisa Blackwood-Kapral sold 9,390 shares of the business's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total value of $377,947.50. Following the sale, the chief accounting officer owned 58,971 shares in the company, valued at approximately $2,373,582.75. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lisa Blackwood-Kapral also recently made the following trade(s):
- On Monday, March 16th, Lisa Blackwood-Kapral sold 9,390 shares of Maplebear stock. The shares were sold at an average price of $38.74, for a total value of $363,768.60.
Maplebear Stock Down 0.8%
NASDAQ:CART opened at $41.39 on Friday. Maplebear Inc. has a 52-week low of $32.73 and a 52-week high of $53.50. The stock has a fifty day simple moving average of $37.63 and a 200-day simple moving average of $39.58. The company has a market capitalization of $9.80 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 0.64 and a beta of 0.88.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CART. Allworth Financial LP lifted its stake in shares of Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company's stock worth $34,000 after purchasing an additional 244 shares during the period. Smartleaf Asset Management LLC lifted its position in Maplebear by 9.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company's stock worth $134,000 after buying an additional 261 shares during the period. Rafferty Asset Management LLC boosted its stake in Maplebear by 2.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company's stock worth $498,000 after buying an additional 273 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Maplebear by 5.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company's stock valued at $236,000 after buying an additional 304 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Maplebear by 78.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 884 shares of the company's stock worth $32,000 after acquiring an additional 389 shares during the period. 63.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Benchmark lowered their price target on shares of Maplebear from $60.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, February 10th. Raymond James Financial raised Maplebear from a "hold" rating to a "moderate buy" rating in a research report on Thursday, April 9th. Argus upgraded Maplebear to a "strong-buy" rating in a research report on Thursday, March 5th. Stifel Nicolaus decreased their price objective on Maplebear from $49.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. Finally, BNP Paribas Exane started coverage on Maplebear in a research report on Wednesday, January 14th. They set an "underperform" rating and a $41.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Maplebear has an average rating of "Moderate Buy" and an average price target of $51.29.
Read Our Latest Research Report on Maplebear
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.
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