Maplebear Inc. (NASDAQ:CART) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: 27 analysts rate Maplebear (NASDAQ:CART) an average of "Moderate Buy" (2 sell, 9 hold, 15 buy, 1 strong buy) with a 12‑month price target of $51.29.
• Insiders sold 144,863 shares worth $5.42M in the last quarter (including 126,083 shares by General Counsel Morgan Fong and 9,390 by CAO Lisa Blackwood‑Kapral), leaving insiders with 24% ownership.
• Maplebear trades with a market cap of $10.2B and a P/E of 27.1, opened around $43.09, and has a 52‑week range of $32.73 to $53.50 with 50‑ and 200‑day moving averages near $38–$40.

Shares of Maplebear Inc. (NASDAQ:CART - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $51.2917.

Several brokerages recently commented on CART. Raymond James Financial upgraded shares of Maplebear from a "hold" rating to a "moderate buy" rating in a report on Thursday, April 9th. Wells Fargo & Company boosted their target price on Maplebear from $43.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, March 30th. Argus raised Maplebear to a "strong-buy" rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Maplebear in a report on Monday, December 29th. Finally, Cantor Fitzgerald raised their price target on Maplebear from $45.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, January 8th.

Insiders Place Their Bets

In other news, General Counsel Morgan Fong sold 126,083 shares of Maplebear stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total transaction of $4,676,418.47. Following the completion of the sale, the general counsel directly owned 386,643 shares in the company, valued at approximately $14,340,588.87. This trade represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lisa Blackwood-Kapral sold 9,390 shares of the business's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $40.25, for a total transaction of $377,947.50. Following the sale, the chief accounting officer directly owned 58,971 shares of the company's stock, valued at $2,373,582.75. This represents a 13.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 144,863 shares of company stock worth $5,418,135. Insiders own 24.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP grew its position in Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company's stock valued at $34,000 after acquiring an additional 244 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Maplebear by 9.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company's stock worth $134,000 after purchasing an additional 261 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Maplebear by 2.5% during the second quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company's stock worth $498,000 after purchasing an additional 273 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Maplebear by 5.0% in the third quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company's stock valued at $236,000 after purchasing an additional 304 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Maplebear by 78.6% in the third quarter. Hantz Financial Services Inc. now owns 884 shares of the company's stock valued at $32,000 after purchasing an additional 389 shares during the period. Institutional investors own 63.09% of the company's stock.

Maplebear Stock Performance

NASDAQ CART opened at $43.09 on Tuesday. The company has a market cap of $10.20 billion, a P/E ratio of 27.10, a P/E/G ratio of 0.65 and a beta of 0.88. The business's 50 day moving average price is $38.63 and its 200-day moving average price is $39.79. Maplebear has a fifty-two week low of $32.73 and a fifty-two week high of $53.50.

Maplebear Company Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers' existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.

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