The price of Maplebear Inc. (NASDAQ:CART) shares last traded on Wall Street rose 0.89% to $32.87.
CART stock price is now -9.11% away from the 50-day moving average and 12.41% away from the 200-day moving average. The market capitalization of the company currently stands at $8.70B.
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With the price target of $46, Loop Capital recently initiated with Buy rating for Maplebear Inc. (NASDAQ: CART). , while ‘Macquarie’ rates the stock as ‘Outperform’
In other news, Fong Morgan, GENERAL COUNSEL & SECRETARY sold 9,228 shares of the company’s stock on May 20 ’24. The stock was sold for $306,415 at an average price of $33.20. Upon completion of the transaction, the GENERAL COUNSEL & SECRETARY now directly owns 391,069 shares in the company, valued at $12.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, CHIEF ACCOUNTING OFFICER Ramsay Alan sold 2,550 shares of the business’s stock. A total of $84,678 was realized by selling the stock at an average price of $33.21. This leaves the insider owning 113,086 shares of the company worth $3.72 million. A total of 43.96% 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 3.78, and a quick ratio of 3.78. The fifty day moving average price for CART is $36.111 and a two-hundred day moving average price translates $29.262777 for the stock.
The latest earnings results from Maplebear Inc. (NASDAQ: CART) was released for 2024-03-31. The net profit margin was -55.24% and return on equity was -52.16% for CART.
