In yesterday’s Wall Street session, Maplebear Inc. (NASDAQ:CART) shares traded at $40.50, up 1.05% from the previous session.
CART stock price is now 15.91% away from the 50-day moving average and 26.04% away from the 200-day moving average. The market capitalization of the company currently stands at $10.41B.
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On September 05, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $45, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Ramsay Alan, CHIEF ACCOUNTING OFFICER sold 2,486 shares of the company’s stock on Sep 20 ’24. The stock was sold for $102,904 at an average price of $41.39. Upon completion of the transaction, the CHIEF ACCOUNTING OFFICER now directly owns 99,225 shares in the company, valued at $4.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19 ’24, GENERAL COUNSEL & SECRETARY Fong Morgan sold 20,910 shares of the business’s stock. A total of $842,359 was realized by selling the stock at an average price of $40.28. This leaves the insider owning 309,976 shares of the company worth $12.55 million. 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 $42.58. 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 $35.0219 and a two-hundred day moving average price translates $32.21615 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.
