Maplebear (NASDAQ:CART – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.39, Briefing.com reports. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $794.08 million. The business’s quarterly revenue was up 8.0% compared to the same quarter last year.
Maplebear Trading Down 3.0 %
Shares of NASDAQ CART traded down $1.14 during trading on Thursday, reaching $36.34. The company had a trading volume of 4,826,411 shares, compared to its average volume of 4,104,819. The business’s 50-day moving average is $36.05 and its 200 day moving average is $29.09. Maplebear has a 12-month low of $22.13 and a 12-month high of $42.95.
Insider Buying and Selling at Maplebear
In other Maplebear news, major shareholder Us (Ttgp) Ltd. Sc purchased 1,036,683 shares of Maplebear stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average cost of $27.90 per share, for a total transaction of $28,923,455.70. Following the completion of the acquisition, the insider now owns 1,036,683 shares in the company, valued at approximately $28,923,455.70. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Us (Ttgp) Ltd. Sc purchased 1,036,683 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of $27.90 per share, for a total transaction of $28,923,455.70. Following the completion of the transaction, the insider now directly owns 1,036,683 shares of the company’s stock, valued at $28,923,455.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey D. Jordan sold 760,479 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.01, for a total value of $19,780,058.79. Following the completion of the sale, the director now owns 20,783 shares in the company, valued at $540,565.83. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 2,157,745 shares of company stock valued at $61,771,955 and sold 1,055,899 shares valued at $30,422,265. 36.00% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on CART
Maplebear Company Profile
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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