The price of Maplebear Inc. (NASDAQ:CART) shares last traded on Wall Street fell -2.37% to $32.10.
CART stock price is now -5.16% away from the 50-day moving average and 8.42% away from the 200-day moving average. The market capitalization of the company currently stands at $8.50B.
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With the price target enhanced from $37 to $45, Gordon Haskett Upgraded its rating from Hold to Buy for Maplebear Inc. (NASDAQ: CART). On April 19, 2024, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $46, while ‘Fox Advisors’ rates the stock as ‘Equal Weight’
In other news, Fong Morgan, GENERAL COUNSEL & SECRETARY sold 9,228 shares of the company’s stock on Jun 20 ’24. The stock was sold for $312,448 at an average price of $33.86. Upon completion of the transaction, the GENERAL COUNSEL & SECRETARY now directly owns 381,841 shares in the company, valued at $12.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’24, CHIEF ACCOUNTING OFFICER Ramsay Alan sold 2,550 shares of the business’s stock. A total of $86,341 was realized by selling the stock at an average price of $33.86. This leaves the insider owning 110,536 shares of the company worth $3.55 million. A total of 43.85% 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 $33.7462 and a two-hundred day moving average price translates $29.62085 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.
