Maplebear Inc. (NASDAQ:CART) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Maplebear (CART) has an average recommendation of "Moderate Buy" from 26 analysts (2 sell, 9 hold, 14 buy, 1 strong buy) and a mean 12‑month price target of $51.29.
• Insider selling: General Counsel Morgan Fong sold 126,083 shares (≈$4.68M) and CAO Lisa Blackwood‑Kapral sold 9,390 shares, trimming their holdings and leaving insiders with about 26% of the company.
• Valuation & ownership: CART has a $9.33B market cap, P/E of 24.38 and PEG of 0.59, a 1‑year range of $32.73–$53.50, and roughly 63.1% of shares are institutionally owned with recent stake increases by RBC and Goldman Sachs.

Shares of Maplebear Inc. (NASDAQ:CART - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $51.2917.

A number of brokerages have weighed in on CART. Argus raised shares of Maplebear to a "strong-buy" rating in a report on Thursday, March 5th. Wall Street Zen upgraded shares of Maplebear from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Fox Advisors lowered shares of Maplebear from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Maplebear in a research note on Monday, December 29th. Finally, Benchmark lowered their price target on Maplebear from $60.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, February 10th.

Maplebear Trading Up 0.3%

Shares of Maplebear stock opened at $38.77 on Friday. The company's fifty day simple moving average is $36.95 and its 200-day simple moving average is $39.78. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.59 and a beta of 0.88. Maplebear has a 1 year low of $32.73 and a 1 year high of $53.50.

Insider Activity at Maplebear

In related news, General Counsel Morgan Fong sold 126,083 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total value of $4,676,418.47. Following the completion of the transaction, the general counsel directly owned 386,643 shares in the company, valued at approximately $14,340,588.87. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 9,390 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $38.74, for a total value of $363,768.60. Following the completion of the transaction, the chief accounting officer directly owned 47,510 shares of the company's stock, valued at approximately $1,840,537.40. This trade represents a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Maplebear

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Maplebear by 51.2% during the 1st quarter. Royal Bank of Canada now owns 131,789 shares of the company's stock worth $5,256,000 after acquiring an additional 44,642 shares during the period. NewEdge Advisors LLC increased its stake in Maplebear by 71.6% in the first quarter. NewEdge Advisors LLC now owns 1,673 shares of the company's stock valued at $67,000 after acquiring an additional 698 shares during the period. Jones Financial Companies Lllp raised its position in Maplebear by 358.5% in the first quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company's stock worth $128,000 after purchasing an additional 2,502 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Maplebear by 17.4% in the first quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company's stock worth $15,585,000 after purchasing an additional 57,879 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Maplebear during the first quarter worth about $268,000. Institutional investors own 63.09% of the company's stock.

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.

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.