Maplebear (NASDAQ:CART) CEO Chris Rogers Sells 24,665 Shares of Company Stock

Maplebear Inc. (NASDAQ:CART - Get Free Report) CEO Chris Rogers sold 24,665 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $60.00, for a total value of $1,479,900.00. Following the completion of the sale, the chief executive officer directly owned 867,911 shares of the company's stock, valued at $52,074,660. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Chris Rogers also recently made the following trade(s):

• On Friday, October 23rd, Chris Rogers sold 24,060 shares of Maplebear stock. The shares were sold at an average price of $55.04, for a total value of $1,324,262.40.

Maplebear Stock Down 1.3%

CART opened at $60.08 on Wednesday. The firm's fifty day moving average price is $48.62 and its two-hundred day moving average price is $43.08. Maplebear Inc. has a 1 year low of $32.73 and a 1 year high of $62.00.

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Maplebear (NASDAQ:CART - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. Maplebear's quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. Sell-side analysts predict that Maplebear Inc. will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CART shares. Argus upped their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Maplebear from $55.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Maplebear from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 15th. Citigroup boosted their target price on Maplebear from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Cantor Fitzgerald boosted their target price on Maplebear from $56.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.53.

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Get Our Latest Stock Report on Maplebear

Maplebear News Roundup

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash is reportedly in advanced discussions to acquire Maplebear for approximately $17 billion, potentially establishing a significant valuation benchmark for CART. A completed transaction could deliver shareholders a premium, although the reports have not been confirmed and no definitive agreement has been announced. DoorDash advanced talks to acquire Instacart
• Positive Sentiment: The reported deal follows the end of Instacart’s earlier discussions with Uber and highlights the strategic value of its grocery marketplace, retailer technology and advertising businesses. A combination with DoorDash could expand delivery scale and diversify DoorDash beyond restaurants. DoorDash reported $17 billion Instacart deal
• Positive Sentiment: Citizens JMP raised its CART price target from $60 to $65 and kept a “market outperform” rating. Unusually heavy call-option buying also reflects increased short-term bullish positioning, though it may increase volatility.
• Neutral Sentiment: The acquisition remains speculative. Investors will be watching for confirmation, deal terms, financing details and whether the reported $17 billion value represents equity value or total transaction value.
• Negative Sentiment: Maplebear plans to wind down its Caper smart-cart operations by the second quarter of 2027 and expects charges of up to $80 million. The decision removes a potential technology-growth initiative and signals that the project did not meet expectations. Maplebear to wind down Caper Cart
• Negative Sentiment: The CEO, CFO and another insider recently sold shares under pre-arranged Rule 10b5-1 plans. Because the executives retained sizable positions, the sales are not necessarily a fundamental warning, but they could weigh on sentiment following the stock’s strong advance.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. purchased a new stake in shares of Maplebear during the 1st quarter valued at $25,000. NFSG Corp bought a new stake in shares of Maplebear during the 3rd quarter worth $26,000. Root Financial Partners LLC purchased a new position in shares of Maplebear in the 3rd quarter worth about $27,000. CX Institutional boosted its holdings in shares of Maplebear by 91.5% in the 3rd quarter. CX Institutional now owns 944 shares of the company's stock worth $41,000 after buying an additional 451 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Maplebear by 94.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,215 shares of the company's stock worth $58,000 after buying an additional 591 shares during the last quarter. Institutional investors own 63.09% of the company's stock.

Maplebear Company Profile

(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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