The stock of Maplebear Inc (NASDAQ:CART) last traded at $40.74, down -4.82% from the previous session.
CART stock price is now -11.69% away from the 50-day moving average and 2.78% away from the 200-day moving average. The market capitalization of the company currently stands at $10.46B.
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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, Simo Fidji, Officer bought 20,750 shares of the company’s stock on Feb 26 ’25. The stock was bought for $898,614 at an average price of $43.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, CHIEF ACCOUNTING OFFICER Ramsay Alan sold 2,209 shares of the business’s stock. A total of $115,972 was realized by selling the stock at an average price of $52.50. This leaves the insider owning 78,660 shares of the company worth $3.2 million. A total of 30.11% 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 3.06.
The net profit margin was 13.32% and return on equity was 12.68% for CART. The company reported revenue of $852.0 million for the quarter, compared to $764.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.52 percent.
