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

Maplebear Inc. (NASDAQ:CART) CAO Lisa Blackwood-Kapral sold 9,390 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $38.74, for a total transaction of $363,768.60. Following the transaction, the chief accounting officer owned 47,510 shares in the company, valued at approximately $1,840,537.40. This trade represents a 16.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Maplebear Trading Down 3.4%

Maplebear stock opened at $36.49 on Friday. Maplebear Inc. has a 1-year low of $32.73 and a 1-year high of $53.50. The firm’s fifty day simple moving average is $37.51 and its 200-day simple moving average is $40.33. The company has a market capitalization of $8.78 billion, a P/E ratio of 22.95, a P/E/G ratio of 0.58 and a beta of 0.98.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CART. Needham & Company LLC boosted their price target on Maplebear from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus lowered their price objective on Maplebear from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Maplebear from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Fox Advisors downgraded Maplebear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Argus upgraded shares of Maplebear to a “strong-buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.04.

Institutional Trading of Maplebear

A number of hedge funds and other institutional investors have recently made changes to their positions in CART. Viking Global Investors LP bought a new position in Maplebear in the 2nd quarter valued at $169,782,000. Marshall Wace LLP bought a new position in Maplebear in the fourth quarter valued at about $126,206,000. Holocene Advisors LP bought a new position in Maplebear in the third quarter valued at about $90,167,000. Norges Bank acquired a new stake in Maplebear in the fourth quarter worth about $97,221,000. Finally, Dimensional Fund Advisors LP raised its holdings in Maplebear by 114.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,792,673 shares of the company’s stock worth $170,594,000 after purchasing an additional 2,026,567 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

About Maplebear

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.