Maplebear (NASDAQ:CART) CAO Lisa Blackwood-Kapral Sells 9,390 Shares
by Jessica Moore · The Cerbat GemMaplebear Inc. (NASDAQ:CART – Get Free Report) CAO Lisa Blackwood-Kapral sold 9,390 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $40.25, for a total transaction of $377,947.50. Following the transaction, the chief accounting officer owned 58,971 shares in the company, valued at approximately $2,373,582.75. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a filing 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 Monday, March 16th, Lisa Blackwood-Kapral sold 9,390 shares of Maplebear stock. The shares were sold at an average price of $38.74, for a total transaction of $363,768.60.
Maplebear Stock Down 0.8%
Shares of CART traded down $0.35 during mid-day trading on Friday, hitting $41.39. 3,126,093 shares of the company traded hands, compared to its average volume of 4,886,546. Maplebear Inc. has a 1-year low of $32.73 and a 1-year high of $53.50. The company has a market capitalization of $9.80 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 0.63 and a beta of 0.88. The business has a 50 day moving average of $37.50 and a 200 day moving average of $39.55.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Maplebear in a report on Monday, December 29th. Stifel Nicolaus dropped their target price on Maplebear from $49.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. BNP Paribas Exane initiated coverage on Maplebear in a research report on Wednesday, January 14th. They issued an “underperform” rating and a $41.00 target price on the stock. Cantor Fitzgerald increased their price target on shares of Maplebear from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Raymond James Financial upgraded shares of Maplebear from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.29.
Check Out Our Latest Research Report on Maplebear
Hedge Funds Weigh In On Maplebear
Several hedge funds and other institutional investors have recently bought and sold shares of CART. Royal Bank of Canada increased its holdings in Maplebear by 51.2% in the 1st quarter. Royal Bank of Canada now owns 131,789 shares of the company’s stock worth $5,256,000 after buying an additional 44,642 shares during the period. NewEdge Advisors LLC grew its stake in shares of Maplebear by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,673 shares of the company’s stock worth $67,000 after purchasing an additional 698 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Maplebear by 358.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company’s stock worth $128,000 after purchasing an additional 2,502 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Maplebear by 17.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company’s stock worth $15,585,000 after purchasing an additional 57,879 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Maplebear during the 1st quarter worth approximately $268,000. Institutional investors and hedge funds own 63.09% of the company’s stock.
Maplebear Company Profile
Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.
Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.