Maplebear (NASDAQ:CART) Stock: Insider Lisa Blackwood-Kapral Sells 3,016 Shares

Maplebear Inc. (NASDAQ:CART) CAO Lisa Blackwood-Kapral sold 3,016 shares of the company’s stock in a transaction 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 directly owned 34,699 shares in the company, 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 can be accessed through 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 shares were sold at an average price of $47.08, for a total value of $142,040.36.

Maplebear Trading Up 0.2%

Maplebear stock traded up $0.08 during mid-day trading on Monday, hitting $49.91. The stock had a trading volume of 2,286,770 shares, compared to its average volume of 4,379,553. The stock has a 50-day simple moving average of $47.96 and a two-hundred day simple moving average of $44.77. The stock has a market capitalization of $11.55 billion, a PE ratio of 27.27, a P/E/G ratio of 0.97 and a beta of 0.87. Maplebear Inc. has a 12 month low of $32.73 and a 12 month high of $52.68.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share 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 the consensus estimate of $1.03 billion. Maplebear had a return on equity of 20.19% and a net margin of 11.97%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Sell-side analysts expect that Maplebear Inc. will post 2.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CART has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Maplebear from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Wedbush started coverage on shares of Maplebear in a report on Thursday, July 16th. They issued an “outperform” rating and a $59.00 price objective on the stock. Rosenblatt Securities assumed coverage on shares of Maplebear in a research note on Tuesday, September 1st. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective 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. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.24.

Institutional Investors Weigh In On Maplebear

A number of institutional investors have recently made changes to their positions in CART. BlackRock Inc. acquired a new position in shares of Maplebear in the second quarter valued at approximately $750,477,000. Dimensional Fund Advisors LP increased its position in shares of Maplebear by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock worth $186,618,000 after acquiring an additional 1,189,287 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Maplebear during the second quarter worth $86,462,000. Renaissance Technologies LLC raised its holdings in shares of Maplebear by 10.0% during the first quarter. Renaissance Technologies LLC now owns 1,567,054 shares of the company’s stock worth $58,702,000 after acquiring an additional 142,600 shares during the period. Finally, Bank of America Corp DE lifted its position in Maplebear by 16.5% in the 1st quarter. Bank of America Corp DE now owns 1,562,097 shares of the company’s stock valued at $58,516,000 after acquiring an additional 221,036 shares in the last quarter. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear Company Profile

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.