On November 25, 2024, Fidji Simo, the President and Chief Executive Officer of Maplebear Inc's subsidiary, executed a sale of 20,750 shares of Maplebear Inc (CART, Financial). Following this transaction, the insider now holds 1,792,743 shares of the company. The details of this transaction can be found in the SEC Filing.
Maplebear Inc, known for its operations in the technology sector, provides a platform that connects consumers with personal shoppers who select, purchase, and deliver items from local stores. The company aims to offer convenience and efficiency in the shopping experience.
Over the past year, Fidji Simo has sold a total of 266,000 shares and has not made any purchases. This activity is part of a broader trend observed within the company, where there have been 33 insider sells compared to 8 insider buys over the same period.
As of the date of the recent transaction, shares of Maplebear Inc were trading at $42.97, resulting in a market cap of $11.159 billion. The company's price-earnings ratio stands at 28.51, which is higher than the industry median of 18.75 but lower than the company's historical median price-earnings ratio.
Investors and analysts may consider these insider activities and valuation metrics when evaluating the company's stock performance and potential investment opportunities.
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