Maplebear Inc. (NASDAQ:CART) CFO Nick Giovanni Sells 10,000 Shares

Maplebear Inc. (NASDAQ:CARTGet Free Report) CFO Nick Giovanni sold 10,000 shares of Maplebear stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $36.97, for a total transaction of $369,700.00. Following the completion of the sale, the chief financial officer now directly owns 576,977 shares in the company, valued at approximately $21,330,839.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Nick Giovanni also recently made the following trade(s):

  • On Monday, March 11th, Nick Giovanni sold 900 shares of Maplebear stock. The stock was sold at an average price of $35.00, for a total value of $31,500.00.
  • On Friday, March 8th, Nick Giovanni sold 5,000 shares of Maplebear stock. The shares were sold at an average price of $34.31, for a total value of $171,550.00.

Maplebear Trading Down 3.2 %

Shares of Maplebear stock opened at $35.23 on Monday. The company has a 50 day simple moving average of $34.42 and a two-hundred day simple moving average of $28.24. Maplebear Inc. has a 1 year low of $22.13 and a 1 year high of $42.95.

Maplebear (NASDAQ:CARTGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.52. The company had revenue of $803.00 million for the quarter, compared to the consensus estimate of $804.62 million. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Maplebear Inc. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Maplebear

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of Maplebear by 139.3% during the 4th quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock valued at $25,000 after purchasing an additional 620 shares during the last quarter. Signaturefd LLC bought a new position in Maplebear during the third quarter valued at approximately $30,000. Cantor Fitzgerald L. P. raised its stake in shares of Maplebear by 389.5% during the fourth quarter. Cantor Fitzgerald L. P. now owns 1,850 shares of the company’s stock worth $43,000 after acquiring an additional 2,489 shares in the last quarter. UBS Group AG purchased a new position in shares of Maplebear during the third quarter worth approximately $56,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Maplebear in the 4th quarter worth approximately $69,000. Institutional investors own 63.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CART. JPMorgan Chase & Co. upped their price objective on shares of Maplebear from $35.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Macquarie initiated coverage on shares of Maplebear in a report on Monday, March 25th. They issued an “outperform” rating and a $42.00 price objective for the company. Wolfe Research boosted their target price on shares of Maplebear from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Loop Capital began coverage on Maplebear in a report on Friday. They issued a “buy” rating and a $46.00 price target for the company. Finally, Wedbush reduced their price target on Maplebear from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, December 27th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Maplebear presently has an average rating of “Moderate Buy” and a consensus price target of $38.16.

View Our Latest Stock Analysis on Maplebear

Maplebear Company Profile

(Get Free Report)

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

Insider Buying and Selling by Quarter for Maplebear (NASDAQ:CART)

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.