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 Wednesday, April 15th. The shares were sold at an average price of $40.25, for a total value of $377,947.50. Following the sale, the chief accounting officer directly owned 58,971 shares in the company, valued at $2,373,582.75. This trade represents a 13.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $363,768.60.

Maplebear Trading Down 0.8%

Shares of NASDAQ CART opened at $41.39 on Friday. The stock has a market capitalization of $9.80 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 0.64 and a beta of 0.88. The stock’s fifty day simple moving average is $37.63 and its two-hundred day simple moving average is $39.60. Maplebear Inc. has a 12-month low of $32.73 and a 12-month high of $53.50.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CART. BNP Paribas Exane began coverage on Maplebear in a research report on Wednesday, January 14th. They set an “underperform” rating and a $41.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Maplebear in a research report on Monday, December 29th. Stifel Nicolaus dropped their target price on Maplebear from $49.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Raymond James Financial upgraded Maplebear from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 9th. Finally, Benchmark decreased their price objective on Maplebear from $60.00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.29.

Institutional Trading of Maplebear

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB lifted its holdings in shares of Maplebear by 128.4% during the 3rd quarter. Nordea Investment Management AB now owns 119,828 shares of the company’s stock valued at $4,254,000 after purchasing an additional 67,374 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Maplebear by 3,054.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,407,993 shares of the company’s stock worth $51,758,000 after acquiring an additional 1,363,352 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Maplebear by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,328,968 shares of the company’s stock worth $48,853,000 after acquiring an additional 288,839 shares during the last quarter. Deltec Asset Management LLC purchased a new position in Maplebear in the 3rd quarter worth $1,838,000. Finally, Renaissance Capital LLC raised its stake in Maplebear by 33.3% in the 3rd quarter. Renaissance Capital LLC now owns 170,345 shares of the company’s stock worth $6,262,000 after acquiring an additional 42,598 shares during the last quarter. Hedge funds and other 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.