Maplebear Inc. (NASDAQ:CART) shares traded 2.83% higher at $36.32 on Wall Street last session.
CART stock price is now 6.76% away from the 50-day moving average and 15.36% away from the 200-day moving average. The market capitalization of the company currently stands at $9.34B.
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With the price target of $45, Cantor Fitzgerald recently initiated with Overweight rating for Maplebear Inc. (NASDAQ: CART). , while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Simo Fidji, PRESIDENT AND CEO sold 33,000 shares of the company’s stock on Aug 28 ’24. The stock was sold for $1,163,960 at an average price of $35.27. Upon completion of the transaction, the PRESIDENT AND CEO now directly owns 1,844,778 shares in the company, valued at $67.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28 ’24, Officer Simo Fidji bought 33,000 shares of the business’s stock. A total of $1,163,958 was incurred on buying the stock at an average price of $35.27. A total of 42.27% of the company’s stock is owned by insiders.
During the past 12 months, Maplebear Inc. has had a low of $22.13 and a high of $42.95. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.45, and a quick ratio of 3.45. The fifty day moving average price for CART is $34.0847 and a two-hundred day moving average price translates $31.5375 for the stock.
The latest earnings results from Maplebear Inc. (NASDAQ: CART) was released for 2024-06-30. The net profit margin was -52.27% and return on equity was -53.67% for CART. The company reported revenue of $823.0 million for the quarter, compared to $716.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.94 percent.