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Will Maplebear Inc. (CART) benefit from Wall Street bulls Calls?

Maplebear Inc. (NASDAQ: CART) is 58.07% higher on its value in year-to-date trading and has touched a low of $22.13 and a high of $42.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CART stock was last observed hovering at around $36.86 in the last trading session, with the day’s gains setting it 0.24%.

Currently trading at $37.10, the stock is 3.16% and 20.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.66 million and changing 0.65% at the moment leaves the stock 35.14% off its SMA200. CART registered a gain of 24.96% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $2.54 and a 200-day simple moving average (SMA200) of -$3.71.

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The stock witnessed a 11.85% loss in the last 1 month and extending the period to 3 months gives it a 58.07%, and is -2.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.14% over the week and 3.90% over the month.

Maplebear Inc. (CART) has around 3380 employees, a market worth around $9.89B and $3.04B in sales. Fwd P/E is 38.19. Profit margin for the company is -60.55%. Distance from 52-week low is 67.65% and -13.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.59%).

Maplebear Inc. quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $792.38M over the same period.The EPS is expected to grow by 104.05% this year, but quarterly earnings will post 8.20% year-over-year.

Maplebear Inc. (CART) Top Institutional Holders

194 institutions hold shares in Maplebear Inc. (CART), with institutional investors hold 70.20% of the company’s shares. The shares outstanding are 279.05M, and float is at 115.31M with Short Float at 7.51%. Institutions hold 62.95% of the Float.

The top institutional shareholder in the company is Fidelity NASDAQ Composite Index ETF with over 61966.0 shares valued at $1.84 million. The investor’s holdings represent 0.02% of the CART Shares outstanding. As of Sep 29, 2023, the second largest holder is First Trust U.S. Equity Opportunities ETF with 23506.0 shares valued at $0.7 million to account for 0.01% of the shares outstanding.

Maplebear Inc. (CART) Insider Activity

The most recent transaction is an insider sale by Simo Fidji,the company’sPRESIDENT AND CEO. SEC filings show that Simo Fidji sold 20,750 shares of the company’s common stock on Mar 26 ’24 at a price of $38.06 per share for a total of $0.79 million. Following the sale, the insider now owns 0.89 million shares.

Maplebear Inc. disclosed in a document filed with the SEC on Mar 21 ’24 that Fong Morgan (GENERAL COUNSEL & SECRETARY) sold a total of 18,689 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $37.62 per share for $0.7 million. Following the transaction, the insider now directly holds 0.26 million shares of the CART stock.

Still, SEC filings show that on Mar 21 ’24, Simo Fidji (President and CEO) disposed off 17,539 shares at an average price of $38.09 for $0.67 million. The insider now directly holds 909,115 shares of Maplebear Inc. (CART).

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