Maplebear (NASDAQ:CART) CAO Lisa Blackwood-Kapral Sells 9,390 Shares

Key Points

• Maplebear CAO Lisa Blackwood-Kapral sold 9,390 shares on April 15 at an average price of $40.25 under a pre-arranged Rule 10b5-1 plan, trimming her position by 13.74% to 58,971 shares (about $2.37M).
• Shares trade near $41.39 (down 0.8%) with a $9.8B market cap and ~63% institutional ownership, and analysts carry a "Moderate Buy" consensus with an average price target of $51.29.

Maplebear Inc. (NASDAQ:CART - Get Free Report) 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 transaction, the chief accounting officer owned 58,971 shares in the company, valued at $2,373,582.75. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 16th, Lisa Blackwood-Kapral sold 9,390 shares of Maplebear stock. The shares were sold at an average price of $38.74, for a total transaction of $363,768.60.

Maplebear Trading Down 0.8%

Shares of NASDAQ CART traded down $0.35 during mid-day trading on Friday, reaching $41.39. The company had a trading volume of 3,126,093 shares, compared to its average volume of 4,886,546. The business's 50-day moving average is $37.50 and its 200-day moving average is $39.55. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 0.63 and a beta of 0.88. Maplebear Inc. has a 52 week low of $32.73 and a 52 week high of $53.50.

Institutional Trading of Maplebear

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CART. BNP Paribas Exane began coverage on shares of Maplebear in a research note on Wednesday, January 14th. They issued an "underperform" rating and a $41.00 price objective for the company. Fox Advisors lowered shares of Maplebear from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 18th. Wells Fargo & Company upped their price objective on shares of Maplebear from $43.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Monday, March 30th. Benchmark lowered their price objective on shares of Maplebear from $60.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Finally, Cantor Fitzgerald upped their price objective on shares of Maplebear from $45.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $51.29.

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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