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Maplebear Inc. (NASDAQ:CART - Get Free Report) insider Morgan Fong sold 18,390 shares of Maplebear stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $51.00, for a total transaction of $937,890.00. Following the completion of the sale, the insider directly owned 529,911 shares of the company's stock, valued at $27,025,461. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morgan Fong also recently made the following trade(s):
- On Tuesday, September 22nd, Morgan Fong sold 18,390 shares of Maplebear stock. The shares were sold at an average price of $44.98, for a total value of $827,182.20.
- On Monday, August 24th, Morgan Fong sold 18,390 shares of Maplebear stock. The stock was sold at an average price of $49.96, for a total value of $918,764.40.
Maplebear Stock Up 7.9%
Shares of Maplebear stock opened at $60.88 on Tuesday. Maplebear Inc. has a fifty-two week low of $32.73 and a fifty-two week high of $62.00. The firm has a market cap of $14.09 billion, a PE ratio of 33.27, a P/E/G ratio of 1.10 and a beta of 0.87. The business's fifty day moving average is $48.16 and its two-hundred day moving average is $42.92.
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 analysts' consensus estimates of $0.54 by ($0.09). The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. Maplebear's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Equities research analysts anticipate that Maplebear Inc. will post 2.33 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have issued reports on CART shares. Citizens Jmp raised their price target on Maplebear from $60.00 to $65.00 and gave the stock a "market outperform" rating in a research note on Monday. Cantor Fitzgerald upped their price objective on shares of Maplebear from $56.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Needham & Company LLC increased their price objective on shares of Maplebear from $55.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Citigroup increased their price objective on shares of Maplebear from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Argus raised their target price on shares of Maplebear from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Maplebear currently has an average rating of "Moderate Buy" and an average price target of $58.53.
Read Our Latest Report on CART
Key Stories Impacting Maplebear
Here are the key news stories impacting Maplebear this week:
- Positive Sentiment: DoorDash is reportedly in advanced talks to acquire Instacart in a deal valued at approximately $17 billion, potentially as soon as this week. A transaction could establish a valuation benchmark for Maplebear and fuel expectations of a strategic premium for shareholders. Instacart’s previously reported discussions with Uber are no longer active. DoorDash in talks to buy delivery rival Instacart in $17B deal
- Positive Sentiment: Citizens JMP raised its price target for Maplebear from $60 to $65 and maintained a “market outperform” rating, implying additional upside based on the reported current valuation.
- Positive Sentiment: Options activity showed investors buying 9,558 call contracts, roughly 95% above average. The activity indicates heightened bullish positioning, though options trading can also increase short-term volatility.
- Neutral Sentiment: The recent rally has been widely attributed to potential-sale speculation rather than a new operating update. Investors should monitor whether DoorDash confirms the talks and whether the reported valuation applies to all of Maplebear’s equity.
- Neutral Sentiment: Reports stated Maplebear had no reported short interest as of October 26, suggesting limited potential for a short-squeeze catalyst. The accompanying reference to a “large increase” in short interest appears inconsistent with the reported zero shares.
- Negative Sentiment: Instacart plans to wind down its Caper smart-cart division by the second quarter of 2027, abandoning a technology previously described as central to grocery innovation. The move could reduce growth options and signals that the project did not achieve expected traction. Instacart calls it quits on Caper smart carts
- Negative Sentiment: The CEO, CFO and another insider sold shares under pre-arranged Rule 10b5-1 plans. While the sales were scheduled and the executives retained substantial holdings, multiple insider sales can weigh on sentiment after a rapid stock advance.
Institutional Trading of Maplebear
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Angeles Wealth Management LLC raised its position in shares of Maplebear by 3.7% in the 3rd quarter. Angeles Wealth Management LLC now owns 4,965 shares of the company's stock worth $214,000 after buying an additional 179 shares during the period. Signaturefd LLC boosted its holdings in Maplebear by 73.6% in the third quarter. Signaturefd LLC now owns 2,661 shares of the company's stock valued at $115,000 after acquiring an additional 1,128 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Maplebear during the third quarter valued at about $346,000. Fifth Third Wealth Advisors LLC grew its position in Maplebear by 5.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,363 shares of the company's stock valued at $231,000 after acquiring an additional 260 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Maplebear during the third quarter valued at about $27,000. 63.09% of the stock is currently owned by institutional investors and hedge funds.
About Maplebear
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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.
Further Reading
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