Maplebear (NASDAQ:CART – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39, Briefing.com reports. The firm had revenue of $820.00 million during the quarter, compared to analyst estimates of $794.08 million. Maplebear’s revenue was up 8.0% compared to the same quarter last year.
Maplebear Stock Down 2.8 %
NASDAQ:CART traded down $1.05 during trading hours on Thursday, hitting $36.43. 5,273,016 shares of the stock were exchanged, compared to its average volume of 4,110,090. The company’s 50 day moving average is $36.05 and its two-hundred day moving average is $29.09. Maplebear has a twelve month low of $22.13 and a twelve month high of $42.95.
Insider Activity
In other news, Director Jeffrey D. Jordan sold 760,479 shares of Maplebear stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $26.01, for a total transaction of $19,780,058.79. Following the transaction, the director now owns 20,783 shares in the company, valued at approximately $540,565.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Maplebear news, CAO Alan Ramsay sold 12,113 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $34.33, for a total transaction of $415,839.29. Following the transaction, the chief accounting officer now owns 114,205 shares of the company’s stock, valued at $3,920,657.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey D. Jordan sold 760,479 shares of Maplebear stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.01, for a total value of $19,780,058.79. Following the transaction, the director now owns 20,783 shares of the company’s stock, valued at $540,565.83. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 2,157,745 shares of company stock valued at $61,771,955 and have sold 1,055,899 shares valued at $30,422,265. Insiders own 36.00% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Analysis on CART
Maplebear Company Profile
Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.
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