Maplebear Inc. (NASDAQ: CART) is 47.51% 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 $33.64 in the last trading session, with the day’s gains setting it 0.98%.
Currently trading at $34.62, the stock is 2.66% and 2.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 2.91% at the moment leaves the stock 10.82% off its SMA200. CART registered a loss of 2.97% in past 6-months.
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The stock witnessed a 10.15% gain in the last 1 month and extending the period to 3 months gives it a 11.86%, and is -2.12% 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 2.83% over the week and 3.63% over the month.
Maplebear Inc. (CART) has around 3380 employees, a market worth around $8.90B and $3.21B in sales. Fwd P/E is 26.11. Profit margin for the company is -52.27%. Distance from 52-week low is 56.44% and -19.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.79%).
Maplebear Inc. quarterly earnings per share for the current quarter are estimated at 0.21 with sales reaching $841.92M over the same period.The EPS is expected to grow by 109.18% this year, but quarterly earnings will post 10.90% year-over-year. Quarterly sales are estimated to grow 10.20% in year-over-year returns.
375.0 institutions hold shares in Maplebear Inc. (CART), with institutional investors hold 78.78% of the company’s shares. The shares outstanding are 279.05M, and float is at 149.07M with Short Float at 7.86%. Institutions hold 69.83% of the Float.
The top institutional shareholder in the company is SC US (TTGP), LTD. with over 41.91 million shares valued at $1.35 billion. The investor’s holdings represent 15.7831 of the CART Shares outstanding. As of 2024-06-30, the second largest holder is D1 CAPITAL PARTNERS L.P. with 28.91 million shares valued at $929.2 million to account for 10.8876 of the shares outstanding. The other top investors are GCM GROSVENOR HOLDINGS, LLC which holds 9.01 million shares representing 3.3913 and valued at over $289.43 million, while AH CAPITAL MANAGEMENT, L.L.C. holds 2.1104 of the shares totaling 5.6 million with a market value of $180.12 million.
Maplebear Inc. (CART) Insider Activity
The most recent transaction is an insider sale by Simo Fidji, the company’s PRESIDENT AND CEO. SEC filings show that Simo Fidji sold 33,000 shares of the company’s common stock on Aug 28 ’24 at a price of $35.27 per share for a total of $1.16 million. Following the sale, the insider now owns 1.84 million shares.
Still, SEC filings show that on Aug 20 ’24, Fong Morgan (GENERAL COUNSEL & SECRETARY) disposed off 10,992 shares at an average price of $32.65 for $0.36 million. The insider now directly holds 339,231 shares of Maplebear Inc. (CART).
