Maplebear (NASDAQ:CART) General Counsel Morgan Fong Sells 4,914 Shares

Maplebear Inc. (NASDAQ:CART) General Counsel Morgan Fong sold 4,914 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $45.21, for a total value of $222,161.94. Following the sale, the general counsel directly owned 404,940 shares in the company, valued at approximately $18,307,337.40. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Morgan Fong also recently made the following trade(s):

• On Monday, October 20th, Morgan Fong sold 3,546 shares of Maplebear stock. The shares were sold at an average price of $38.85, for a total value of $137,762.10.

Maplebear Trading Up 0.0%

Maplebear stock opened at $45.03 on Wednesday. The firm has a market cap of $11.82 billion, a PE ratio of 24.74, a P/E/G ratio of 1.47 and a beta of 1.01. Maplebear Inc. has a 12 month low of $34.78 and a 12 month high of $53.50. The stock’s 50 day simple moving average is $40.96 and its two-hundred day simple moving average is $43.51.

Maplebear (NASDAQ:CART) last posted its earnings results on Monday, November 10th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Maplebear had a net margin of 14.09% and a return on equity of 15.72%. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $933.76 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that Maplebear Inc. will post 1.43 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CART shares. BTIG Research reaffirmed a “neutral” rating and issued a $55.00 price target on shares of Maplebear in a report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Maplebear in a research note on Monday. Fox Advisors lowered Maplebear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Benchmark cut their price target on shares of Maplebear from $67.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Stifel Nicolaus lowered their price target on Maplebear from $56.00 to $49.00 and set a “buy” rating for the company in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.21.

Institutional Trading of Maplebear

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CART. Viking Global Investors LP purchased a new stake in shares of Maplebear in the 2nd quarter valued at $169,782,000. William Blair Investment Management LLC acquired a new position in Maplebear in the 2nd quarter valued at about $151,364,000. Holocene Advisors LP acquired a new position in Maplebear in the 3rd quarter valued at about $90,167,000. Norges Bank purchased a new stake in Maplebear during the second quarter worth about $97,351,000. Finally, Boston Partners increased its stake in Maplebear by 93.3% during the second quarter. Boston Partners now owns 3,961,838 shares of the company’s stock worth $179,261,000 after purchasing an additional 1,911,771 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Maplebear News Summary

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Investors shrugged off the pricing controversy and the stock rebounded on views that the issue is a near-term headwind rather than a long-term business threat; market commentary emphasizes Instacart’s growth potential and margin outlook as reasons for the bounce. Instacart’s Pricing Tests Spark Backlash… But Investors Didn’t Care
• Neutral Sentiment: Maplebear announced it will stop all AI-driven item price tests after reports showed price discrepancies for identical items; stopping the program reduces regulatory and reputational risk but could limit a potential revenue/optimization lever. Instacart ends AI-driven price experiments after criticism (Reuters)
• Negative Sentiment: Insider sale — General Counsel Morgan Fong sold 4,914 shares at ~$45.21, reducing ownership by ~1.20% for that holder; the sale is disclosed in an SEC filing and may be viewed negatively by some investors, though the size is modest relative to total insider holdings. SEC Form 4 — Insider Sale

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.