Maplebear (NASDAQ:CART) Stock: Insider Lisa Blackwood-Kapral Sells 3,016 Shares

Key Points

• Insider sale: Chief Accounting Officer Lisa Blackwood-Kapral sold 3,016 Maplebear shares for approximately $149,533 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 8% to 34,699 shares.
• Recent performance: CART traded around $49.91, near its one-year high of $52.68. Maplebear’s latest quarterly revenue rose 14.1% year over year to $1.04 billion, although earnings per share of $0.45 fell short of analyst expectations.
• Analyst outlook remains positive: Fourteen analysts rate the stock Buy and six rate it Hold, producing a consensus “Moderate Buy” rating and an average price target of $58.24.

Maplebear Inc. (NASDAQ:CART - Get Free Report) CAO Lisa Blackwood-Kapral sold 3,016 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $49.58, for a total transaction of $149,533.28. Following the completion of the transaction, the chief accounting officer directly owned 34,699 shares of the company's stock, valued at $1,720,376.42. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lisa Blackwood-Kapral also recently made the following trade(s):

• On Tuesday, September 15th, Lisa Blackwood-Kapral sold 3,017 shares of Maplebear stock. The stock was sold at an average price of $47.08, for a total transaction of $142,040.36.

Maplebear Stock Up 0.2%

CART traded up $0.08 during midday trading on Monday, reaching $49.91. 2,286,770 shares of the company's stock were exchanged, compared to its average volume of 4,379,553. The business has a 50-day simple moving average of $47.96 and a two-hundred day simple moving average of $44.77. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. Maplebear Inc. has a one year low of $32.73 and a one year high of $52.68.

Maplebear (NASDAQ:CART - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The company's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, research analysts anticipate that Maplebear Inc. will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NFSG Corp bought a new stake in Maplebear during the 3rd quarter worth about $26,000. Pinnacle Bancorp Inc. bought a new position in shares of Maplebear in the first quarter worth about $25,000. CX Institutional raised its stake in shares of Maplebear by 91.5% in the third quarter. CX Institutional now owns 944 shares of the company's stock worth $41,000 after acquiring an additional 451 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Maplebear by 94.7% during the second quarter. Versant Capital Management Inc now owns 1,215 shares of the company's stock worth $58,000 after purchasing an additional 591 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Maplebear during the second quarter worth approximately $62,000. Institutional investors and hedge funds own 63.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CART shares. Wall Street Zen downgraded shares of Maplebear from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Guggenheim increased their target price on shares of Maplebear from $44.00 to $46.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Barclays lifted their price target on shares of Maplebear from $69.00 to $77.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Cantor Fitzgerald boosted their price target on shares of Maplebear from $56.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Maplebear from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.24.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart's marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.