Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
GCM Grosvenor L.P., along with other related entities and Michael J. Sacks, reported selling 4,858,272 shares of Maplebear Inc. (NASDAQ:CART) common stock on July 25, 2025. The sales were executed at a price of $47.75 per share, totaling approximately $232,268,988. The transaction comes as Maplebear, with a market capitalization of $12.3 billion, maintains strong financial health with impressive gross margins of 75% and a solid current ratio of 3.24. According to InvestingPro analysis, the company currently trades near its Fair Value, with 8 additional key insights available to subscribers.
The shares were sold by GCM Grosvenor IC SPV, LLC, GCM Grosvenor IC SPV 2, LLC, and GCM Special Opportunities Master Fund, Ltd. GCM Grosvenor IC SPV, LLC sold 4,238,887 shares, GCM Grosvenor IC SPV 2, LLC sold 565,385 shares, and GCM Special Opportunities Master Fund, Ltd. sold 60,000 shares.
Following these transactions, GCM Grosvenor IC SPV, LLC holds 3,653,606 shares, GCM Grosvenor IC SPV 2, LLC holds 487,318 shares, and GCM Special Opportunities Master Fund, Ltd. holds zero shares of Maplebear Inc.
In other recent news, Instacart has announced a leadership change with Chris Rogers set to become the new CEO, effective August 15. This transition follows the departure of current CEO Fidji Simo, who will take on a leadership role at OpenAI. Rogers, who has been with Instacart since 2019, has played a significant role in managing the company’s retail partnerships and advertising sales. Meanwhile, Citi analysts have maintained their Buy rating for Instacart, with a price target of $57, expressing confidence in Rogers’ ability to lead the company with minimal execution risk.
In addition, Bernstein has raised its price target on Instacart to $60, citing potential growth in advertising and confidence in the company’s valuation. The firm also pointed to the importance of Instacart’s third-quarter gross transaction value guidance. Citizens JMP has reiterated its Market Outperform rating and a $55 price target, highlighting Instacart’s recent partnerships with OpenAI, YouTube, and TikTok as influential factors. The firm also emphasized the company’s effective order density strategy, which enhances its delivery operations.
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