Fidji Simo Sells 20,750 Shares of Maplebear Inc. (NASDAQ:CART) Stock

Maplebear Inc. (NASDAQ:CART) CEO Fidji Simo sold 20,750 shares of Maplebear stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $43.31, for a total transaction of $898,682.50. Following the completion of the transaction, the chief executive officer now directly owns 1,662,692 shares in the company, valued at approximately $72,011,190.52. This represents a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Fidji Simo also recently made the following trade(s):

• On Wednesday, December 18th, Fidji Simo sold 20,750 shares of Maplebear stock. The stock was sold at an average price of $42.74, for a total transaction of $886,855.00.

Maplebear Trading Up 0.9 %

Shares of CART opened at $41.09 on Friday. Maplebear Inc. has a 1 year low of $29.84 and a 1 year high of $53.44. The stock has a 50 day simple moving average of $46.43 and a 200-day simple moving average of $42.80. The stock has a market cap of $10.56 billion, a PE ratio of 27.58, a PEG ratio of 1.19 and a beta of 1.07.

Maplebear (NASDAQ:CART) last issued its earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business had revenue of $883.00 million during the quarter, compared to analysts’ expectations of $889.98 million. On average, sell-side analysts forecast that Maplebear Inc. will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CART shares. Stifel Nicolaus boosted their target price on shares of Maplebear from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Maplebear from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday. Wedbush lowered their target price on Maplebear from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday. JMP Securities upped their price target on Maplebear from $42.00 to $51.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Finally, Loop Capital raised their price objective on shares of Maplebear from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.92.

Hedge Funds Weigh In On Maplebear

A number of hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its position in Maplebear by 46.6% during the 4th quarter. Jones Financial Companies Lllp now owns 698 shares of the company’s stock worth $29,000 after acquiring an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Maplebear during the 3rd quarter worth approximately $33,000. Allworth Financial LP grew its position in Maplebear by 101.4% during the 4th quarter. Allworth Financial LP now owns 834 shares of the company’s stock worth $37,000 after acquiring an additional 420 shares during the last quarter. NewEdge Advisors LLC grew its position in Maplebear by 277.9% during the 4th quarter. NewEdge Advisors LLC now owns 975 shares of the company’s stock worth $40,000 after acquiring an additional 717 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in Maplebear during the 4th quarter worth approximately $46,000. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.