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SAN FRANCISCO—Simo Fidji, the President and CEO of Maplebear Inc. (NASDAQ:CART), recently sold a significant portion of the company’s stock, even as the company maintains a GREAT financial health score according to InvestingPro analysis. According to a recent SEC filing, Fidji sold 20,750 shares of Maplebear’s common stock on February 26, 2025, amid a significant 22% decline in the stock price over the past week. The shares were sold at a weighted average price of $43.31, resulting in a total transaction value of approximately $898,614.
This transaction was conducted under a Rule 10b5-1 trading plan, which Fidji adopted on November 23, 2023. Following this sale, Fidji still holds 1,662,692 shares of Maplebear stock. The sales were executed at prices ranging from $43.08 to $43.89 per share, as disclosed in the filing.
In other recent news, Instacart has reported its fourth-quarter earnings, presenting a mixed financial picture. The company’s Gross Transaction (JO:TCPJ) Value (GTV) exceeded expectations, yet its EBITDA forecast for the first quarter fell short. Despite these results, Instacart’s advertising revenues increased by 10% year-over-year, aligning with GTV growth. Analysts from Cantor Fitzgerald reiterated an Overweight rating with a $55 price target, citing the company’s attractive risk/reward profile. Stifel also maintained a Buy rating, raising the price target to $57, while noting robust order growth as a key driver of GTV strength. BMO Capital Markets adjusted its price target to $49, acknowledging the fastest order velocity since early 2022. Benchmark analysts, however, maintained a Hold rating, expressing concerns over Instacart’s recent promotional strategies and competitive pressures. Bernstein analysts echoed a positive outlook with an Outperform rating, emphasizing growth in Instacart’s core grocery delivery service. These developments highlight the varied analyst perspectives on Instacart’s strategic moves and financial performance.
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