Maplebear Inc. (NASDAQ:CART – Get Free Report) CEO Fidji Simo sold 8,500 shares of Maplebear stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $33.04, for a total transaction of $280,840.00. Following the sale, the chief executive officer now owns 1,984,167 shares in the company, valued at $65,556,877.68. The sale was disclosed in a document filed with the SEC, which is available through this link.
Fidji Simo also recently made the following trade(s):
- On Wednesday, June 12th, Fidji Simo sold 2,500 shares of Maplebear stock. The stock was sold at an average price of $33.81, for a total transaction of $84,525.00.
- On Wednesday, May 29th, Fidji Simo sold 6,000 shares of Maplebear stock. The shares were sold at an average price of $31.82, for a total transaction of $190,920.00.
- On Wednesday, May 1st, Fidji Simo sold 3,236 shares of Maplebear stock. The shares were sold at an average price of $35.09, for a total transaction of $113,551.24.
- On Monday, April 29th, Fidji Simo sold 13,206 shares of Maplebear stock. The shares were sold at an average price of $34.93, for a total transaction of $461,285.58.
Maplebear Trading Up 1.3 %
CART stock traded up $0.41 during midday trading on Friday, reaching $32.14. 13,909,523 shares of the company’s stock traded hands, compared to its average volume of 4,353,738. Maplebear Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $42.95. The business has a 50-day moving average price of $33.51 and a two-hundred day moving average price of $30.98.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CART. Stifel Nicolaus lifted their price objective on shares of Maplebear from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Macquarie started coverage on shares of Maplebear in a research note on Monday, March 25th. They issued an “outperform” rating and a $42.00 price objective on the stock. Sanford C. Bernstein upgraded shares of Maplebear from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $43.00 in a research note on Thursday, March 14th. Gordon Haskett upgraded shares of Maplebear from a “hold” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $45.00 in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Maplebear from $35.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.
Get Our Latest Research Report on Maplebear
Institutional Trading of Maplebear
Hedge funds have recently made changes to their positions in the company. FMR LLC bought a new stake in shares of Maplebear in the third quarter worth $56,424,000. Norges Bank bought a new stake in shares of Maplebear in the fourth quarter worth $78,674,000. Blackstone Inc. bought a new stake in shares of Maplebear in the third quarter worth $17,369,000. Nomura Holdings Inc. bought a new stake in shares of Maplebear in the fourth quarter worth $587,000. Finally, Federated Hermes Inc. increased its stake in shares of Maplebear by 190.2% in the fourth quarter. Federated Hermes Inc. now owns 464,355 shares of the company’s stock worth $10,898,000 after buying an additional 304,355 shares during the last quarter. Hedge funds and other institutional investors own 63.09% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Maplebear
- Conference Calls and Individual Investors
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- Stock Sentiment Analysis: How it Works
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Trading Halts Explained
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for Maplebear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maplebear and related companies with MarketBeat.com's FREE daily email newsletter.