Insider Selling: Maplebear (NASDAQ:CART) General Counsel Sells 4,914 Shares of Stock

Maplebear Inc. (NASDAQ:CART) General Counsel Morgan Fong sold 4,914 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $45.21, for a total transaction of $222,161.94. Following the completion of the transaction, the general counsel owned 404,940 shares in the company, valued at approximately $18,307,337.40. This represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 transaction of $137,762.10.

Maplebear Price Performance

NASDAQ CART traded up $0.01 during mid-day trading on Tuesday, reaching $45.03. The stock had a trading volume of 3,184,890 shares, compared to its average volume of 4,881,776. The stock has a market cap of $11.82 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. Maplebear Inc. has a 1 year low of $34.78 and a 1 year high of $53.50. The company has a fifty day moving average price of $40.85 and a 200 day moving average price of $43.52.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Maplebear by 1.3% during the 2nd quarter. State Street Corp now owns 5,101,870 shares of the company’s stock worth $230,809,000 after acquiring an additional 66,588 shares in the last quarter. Boston Partners raised its stake in Maplebear by 93.3% during the second quarter. Boston Partners now owns 3,961,838 shares of the company’s stock valued at $179,261,000 after purchasing an additional 1,911,771 shares in the last quarter. Viking Global Investors LP bought a new position in Maplebear during the second quarter valued at $169,782,000. Altimeter Capital Management LP grew its stake in shares of Maplebear by 31.9% in the 1st quarter. Altimeter Capital Management LP now owns 3,348,128 shares of the company’s stock worth $133,557,000 after buying an additional 810,510 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Maplebear in the 2nd quarter worth $151,364,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Key Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Market reaction: several reports note the stock rebounded quickly after the story surfaced, with investors emphasizing Maplebear’s growth prospects over the short-term PR hit. This investor resiliency likely helped lift the share price. Instacart’s Pricing Tests Spark Backlash… But Investors Didn’t Care
• Positive Sentiment: Company action: Maplebear announced it is ending AI-driven item price tests and will stop allowing retailers to run those experiments — a swift move that reduces ongoing consumer and regulatory risk and reassures stakeholders. Instacart ends AI-driven price experiments after criticism
• Neutral Sentiment: Insider sale disclosed: General Counsel Morgan Fong sold 4,914 shares at about $45.21 (≈$222k). The sale reduced her position by ~1.2% and is small relative to her remaining holdings, so it’s not an obvious red flag but is being noted by the market. SEC filing: SEC Form 4 — Morgan Fong
• Negative Sentiment: Reputational and regulatory risk: multiple outlets documented that the algorithmic price tests led to different shoppers paying different prices for identical items, prompting consumer pushback and scrutiny that could attract regulators, retailers or class-action attention — a potential near-term headwind. Instacart scraps AI pricing tests after backlash over grocery price swings

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Piper Sandler cut shares of Maplebear from an “overweight” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Maplebear in a research report on Monday. Robert W. Baird dropped their target price on shares of Maplebear from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Guggenheim began coverage on shares of Maplebear in a research note on Wednesday, October 15th. They set a “neutral” rating and a $40.00 target price for the company. Finally, Stifel Nicolaus lowered their price target on Maplebear from $56.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $52.21.

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.