In Thursday’s Wall Street session, Maplebear Inc (NASDAQ:CART) shares traded at $37.75, down -2.18% from the previous session.
CART stock price is now -17.57% away from the 50-day moving average and -5.05% away from the 200-day moving average. The market capitalization of the company currently stands at $9.99B.
With the price target of $62, Seaport Research Partners recently initiated with Buy rating for Maplebear Inc (NASDAQ: CART). On January 14, 2025, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $58, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Fong Morgan, Officer bought 5,246 shares of the company’s stock on Mar 05 ’25. The stock was bought for $203,744 at an average price of $38.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’25, Officer Simo Fidji bought 6,100 shares of the business’s stock. A total of $236,826 was incurred on buying the stock at an average price of $38.82. A total of 30.10% of the company’s stock is owned by insiders.
During the past 12 months, Maplebear Inc has had a low of $29.84 and a high of $53.44. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.38, and a quick ratio of 3.38.
The net profit margin was 13.32% and return on equity was 12.68% for CART. The company reported revenue of $883.0 million for the quarter, compared to $803.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.96 percent.
