Maplebear Inc. (NASDAQ:CART – Get Free Report) CEO Fidji Simo sold 20,750 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $38.06, for a total transaction of $789,745.00. Following the completion of the sale, the chief executive officer now owns 888,365 shares in the company, valued at approximately $33,811,171.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Fidji Simo also recently made the following trade(s):
- On Wednesday, March 20th, Fidji Simo sold 82,461 shares of Maplebear stock. The stock was sold at an average price of $38.07, for a total transaction of $3,139,290.27.
Maplebear Trading Up 0.5 %
Maplebear stock traded up $0.20 during midday trading on Thursday, hitting $37.29. 2,090,136 shares of the stock were exchanged, compared to its average volume of 4,253,887. Maplebear Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $42.95. The stock’s 50-day moving average price is $30.32.
Institutional Investors Weigh In On Maplebear
A number of institutional investors have recently made changes to their positions in CART. SC US Ttgp LTD. purchased a new position in shares of Maplebear in the third quarter valued at approximately $1,180,490,000. KPCB DGF II Associates LLC purchased a new position in shares of Maplebear in the third quarter valued at approximately $119,544,000. Canaan Partners IX LLC purchased a new position in shares of Maplebear in the fourth quarter valued at approximately $87,508,000. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST purchased a new position in shares of Maplebear in the third quarter valued at approximately $105,469,000. Finally, Norges Bank purchased a new position in shares of Maplebear in the fourth quarter valued at approximately $78,674,000. 63.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CART has been the topic of a number of research reports. Wolfe Research increased their price objective on shares of Maplebear from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Benchmark lowered shares of Maplebear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Sanford C. Bernstein raised shares of Maplebear from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $43.00 in a report on Thursday, March 14th. Barclays increased their price target on shares of Maplebear from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Finally, Morgan Stanley initiated coverage on shares of Maplebear in a report on Tuesday, January 30th. They set an “equal weight” rating and a $28.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.61.
View Our Latest Research Report on Maplebear
About Maplebear
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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