Maplebear (CART) Set to Announce Quarterly Earnings on Tuesday

Maplebear (NASDAQ:CART) is set to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Maplebear to post earnings of $0.21 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Maplebear Stock Performance

Shares of NASDAQ:CART opened at $47.72 on Friday. The firm has a 50 day simple moving average of $41.15 and a 200 day simple moving average of $36.24. Maplebear has a 52 week low of $22.13 and a 52 week high of $50.01. The company has a market cap of $12.45 billion, a PE ratio of -2.41, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CART. Wolfe Research assumed coverage on Maplebear in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Raymond James assumed coverage on Maplebear in a research report on Tuesday, September 24th. They issued a “market perform” rating on the stock. Oppenheimer lifted their target price on Maplebear from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group began coverage on shares of Maplebear in a research note on Wednesday, October 16th. They issued a “hold” rating and a $43.00 price objective for the company. Finally, Bank of America boosted their price target on Maplebear from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $43.90.

Insider Buying and Selling at Maplebear

In other Maplebear news, General Counsel Morgan Fong sold 29,253 shares of Maplebear stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.03, for a total transaction of $1,405,021.59. Following the completion of the sale, the general counsel now owns 258,406 shares of the company’s stock, valued at approximately $12,411,240.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Fidji Simo sold 20,750 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $44.39, for a total transaction of $921,092.50. Following the completion of the sale, the chief executive officer now directly owns 1,803,278 shares of the company’s stock, valued at approximately $80,047,510.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Morgan Fong sold 29,253 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.03, for a total value of $1,405,021.59. Following the transaction, the general counsel now directly owns 258,406 shares of the company’s stock, valued at $12,411,240.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,710 shares of company stock worth $4,978,164. Company insiders own 36.00% of the company’s stock.

About Maplebear

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.