Insider Selling: Maplebear (NASDAQ:CART) CEO Sells 24,665 Shares of Stock

Maplebear Inc. (NASDAQ:CART) CEO Chris Rogers sold 24,665 shares of the company’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $60.00, for a total transaction of $1,479,900.00. Following the completion of the sale, the chief executive officer owned 867,911 shares in the company, valued at approximately $52,074,660. This trade represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Rogers also recently made the following trade(s):

• On Friday, October 23rd, Chris Rogers sold 24,060 shares of Maplebear stock. The stock was sold at an average price of $55.04, for a total value of $1,324,262.40.

Maplebear Stock Performance

Shares of Maplebear stock traded down $0.80 during midday trading on Tuesday, hitting $60.08. The company had a trading volume of 13,229,286 shares. The company has a 50 day moving average of $48.62 and a 200 day moving average of $43.08. Maplebear Inc. has a 52-week low of $32.73 and a 52-week high of $62.00.

Maplebear (NASDAQ:CART) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. On average, equities research analysts predict that Maplebear Inc. will post 2.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CART shares. Wells Fargo & Company raised their price target on Maplebear from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, October 5th. Wedbush initiated coverage on shares of Maplebear in a research note on Thursday, July 16th. They issued an “outperform” rating and a $59.00 price target on the stock. Barclays upped their price target on shares of Maplebear from $69.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Maplebear from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Finally, Citizens Jmp raised their price objective on shares of Maplebear from $60.00 to $65.00 and gave the company a “market outperform” rating in a research note on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.53.

Maplebear News Roundup

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash is reportedly in advanced discussions to acquire Maplebear for approximately $17 billion, potentially establishing a significant valuation benchmark for CART. A completed transaction could deliver shareholders a premium, although the reports have not been confirmed and no definitive agreement has been announced. DoorDash advanced talks to acquire Instacart
• Positive Sentiment: The reported deal follows the end of Instacart’s earlier discussions with Uber and highlights the strategic value of its grocery marketplace, retailer technology and advertising businesses. A combination with DoorDash could expand delivery scale and diversify DoorDash beyond restaurants. DoorDash reported $17 billion Instacart deal
• Positive Sentiment: Citizens JMP raised its CART price target from $60 to $65 and kept a “market outperform” rating. Unusually heavy call-option buying also reflects increased short-term bullish positioning, though it may increase volatility.
• Neutral Sentiment: The acquisition remains speculative. Investors will be watching for confirmation, deal terms, financing details and whether the reported $17 billion value represents equity value or total transaction value.
• Negative Sentiment: Maplebear plans to wind down its Caper smart-cart operations by the second quarter of 2027 and expects charges of up to $80 million. The decision removes a potential technology-growth initiative and signals that the project did not meet expectations. Maplebear to wind down Caper Cart
• Negative Sentiment: The CEO, CFO and another insider recently sold shares under pre-arranged Rule 10b5-1 plans. Because the executives retained sizable positions, the sales are not necessarily a fundamental warning, but they could weigh on sentiment following the stock’s strong advance.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CART. Pinnacle Bancorp Inc. bought a new position in Maplebear during the first quarter valued at approximately $25,000. NFSG Corp bought a new stake in Maplebear in the 3rd quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in Maplebear in the 3rd quarter worth approximately $27,000. CX Institutional raised its stake in Maplebear by 91.5% during the 3rd quarter. CX Institutional now owns 944 shares of the company’s stock valued at $41,000 after buying an additional 451 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Maplebear by 94.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,215 shares of the company’s stock valued at $58,000 after buying an additional 591 shares during the last quarter. 63.09% of the stock is owned by hedge funds and other institutional investors.

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.