Key Points
- Maplebear CAO Lisa Blackwood-Kapral sold 3,016 shares at an average price of $49.58, totaling $149,533.28. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 8% to 34,699 shares.
- Maplebear reported quarterly revenue of $1.04 billion, up 14.1% year over year, but earnings of $0.45 per share missed the $0.54 analyst consensus estimate.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $58.24, while institutional investors own 63.09% of the company’s stock.
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Maplebear Inc. (NASDAQ:CART - Get Free Report) CAO Lisa Blackwood-Kapral sold 3,016 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $49.58, for a total value of $149,533.28. Following the transaction, the chief accounting officer owned 34,699 shares of the company's stock, valued at $1,720,376.42. This trade represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was sold at an average price of $47.08, for a total value of $142,040.36.
Maplebear Stock Performance
Shares of NASDAQ CART opened at $49.91 on Tuesday. Maplebear Inc. has a fifty-two week low of $32.73 and a fifty-two week high of $52.68. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 0.97 and a beta of 0.87. The business's 50 day moving average price is $47.95 and its 200-day moving average price is $44.86.
Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.09). Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $0.41 EPS. The business's revenue was up 14.1% compared to the same quarter last year. Sell-side analysts predict that Maplebear Inc. will post 2.33 earnings per share for the current year.
Institutional Trading of Maplebear
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Maplebear during the 2nd quarter worth about $750,477,000. William Blair Investment Management LLC purchased a new position in Maplebear during the 2nd quarter valued at about $86,462,000. Deutsche Bank AG purchased a new position in Maplebear during the 2nd quarter valued at about $73,801,000. Goodnow Investment Group LLC bought a new stake in shares of Maplebear in the 2nd quarter valued at about $69,898,000. Finally, Bank of America Corp DE bought a new stake in shares of Maplebear in the 2nd quarter valued at about $57,392,000. 63.09% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Guggenheim upped their target price on shares of Maplebear from $44.00 to $46.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Wells Fargo & Company lifted their price target on shares of Maplebear from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Monday, October 5th. BNP Paribas Exane raised shares of Maplebear from an "underperform" rating to a "neutral" rating and set a $56.00 price target for the company in a research note on Friday, August 7th. Cantor Fitzgerald boosted their price target on Maplebear from $56.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Wedbush started coverage on Maplebear in a research note on Thursday, July 16th. They issued an "outperform" rating and a $59.00 price objective on the stock. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.24.
Read Our Latest Report on CART
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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