Maplebear (NASDAQ:CART) CEO Chris Rogers Sells 24,665 Shares of Stock

Maplebear Inc. (NASDAQ:CART) CEO Chris Rogers sold 24,665 shares of Maplebear stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $60.00, for a total value of $1,479,900.00. Following the sale, the chief executive officer directly owned 867,911 shares of the company’s stock, valued at approximately $52,074,660. This trade represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $1,324,262.40.

Maplebear Trading Down 1.3%

Shares of CART stock traded down $0.80 during trading hours on Tuesday, hitting $60.08. 13,229,286 shares of the company’s stock were exchanged. Maplebear Inc. has a 12-month low of $32.73 and a 12-month high of $62.00. The business’s 50 day simple moving average is $48.62 and its 200-day simple moving average is $43.08.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. As a group, analysts predict that Maplebear Inc. will post 2.33 earnings per share for the current fiscal year.

Trending Headlines about Maplebear

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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald boosted their target price on Maplebear from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Oppenheimer raised their price target on Maplebear from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Guggenheim lifted their price target on shares of Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Rosenblatt Securities initiated coverage on shares of Maplebear in a research report on Tuesday, September 1st. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, Weiss Ratings raised shares of Maplebear from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Maplebear currently has a consensus rating of “Moderate Buy” and an average target price of $58.53.

Institutional Trading of Maplebear

Several large investors have recently bought and sold shares of CART. BlackRock Inc. bought a new position in shares of Maplebear in the 2nd quarter worth approximately $750,477,000. Dimensional Fund Advisors LP boosted its position in shares of Maplebear by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock valued at $186,618,000 after purchasing an additional 1,189,287 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Maplebear in the second quarter worth $86,462,000. Renaissance Technologies LLC grew its stake in Maplebear by 10.0% in the first quarter. Renaissance Technologies LLC now owns 1,567,054 shares of the company’s stock worth $58,702,000 after purchasing an additional 142,600 shares during the period. Finally, Bank of America Corp DE grew its stake in Maplebear by 16.5% in the first quarter. Bank of America Corp DE now owns 1,562,097 shares of the company’s stock worth $58,516,000 after purchasing an additional 221,036 shares during the period. 63.09% of the stock is owned by institutional investors.

About Maplebear

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.