Maplebear Inc (NASDAQ:CART) shares traded -11.01% lower at $43.02 on Wall Street last session.
CART stock price is now 2.80% away from the 50-day moving average and 20.93% away from the 200-day moving average. The market capitalization of the company currently stands at $11.06B.
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With the price target of $43, Jefferies recently initiated with Hold rating for Maplebear Inc (NASDAQ: CART). , while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Fong Morgan, GENERAL COUNSEL & SECRETARY sold 29,253 shares of the company’s stock on Nov 07 ’24. The stock was sold for $1,405,083 at an average price of $48.03. Upon completion of the transaction, the GENERAL COUNSEL & SECRETARY now directly owns 258,406 shares in the company, valued at $11.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Officer Fong Morgan bought 29,253 shares of the business’s stock. A total of $1,405,812 was incurred on buying the stock at an average price of $48.06. A total of 40.53% 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 $50.01. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.06, and a quick ratio of 3.45. The fifty day moving average price for CART is $41.6603 and a two-hundred day moving average price translates $35.48675 for the stock.
The latest earnings results from Maplebear Inc (NASDAQ: CART) was released for 2024-06-30. The net profit margin was -50.88% and return on equity was 13.22% 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.
