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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS DOW HITS FRESH RECORD

Best Buy soars 15% after company beats on earnings as sales decline stabilizes

Maplebear Inc (CART) CEO Fidji Simo Sells 24,500 Shares

GuruFocus Research
·1 min read

On July 16, 2024, Fidji Simo, President and Chief Executive Officer of Maplebear Inc (NASDAQ:CART), sold 24,500 shares of the company. The transaction was filed with the SEC and can be viewed in detail through this SEC Filing. Following this transaction, the insider now owns 1,959,667 shares of Maplebear Inc.

Maplebear Inc operates as an online grocery delivery service, providing customers with direct delivery of groceries and other home essentials. The company has been expanding its services to cater to the growing demand for online shopping and delivery solutions.

Over the past year, the insider has sold a total of 183,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed at Maplebear Inc, where there have been 21 insider sells and 15 insider buys over the past year.

Shares of Maplebear Inc were trading at $35.48 on the day of the transaction. The company's market cap is currently $9.341 billion. Maplebear Inc's valuation metrics include a price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.

The following image shows the trend in insider transactions for Maplebear Inc over the past year:

Maplebear Inc (CART) CEO Fidji Simo Sells 24,500 Shares
Maplebear Inc (CART) CEO Fidji Simo Sells 24,500 Shares

For more detailed valuation metrics, the GF Value can provide further insights into the stock's intrinsic value compared to its current trading price.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.