Fong Morgan, an insider at Maplebear Inc (CART), sold 409,854 shares of the company on November 18, 2025, at a price of $41.25 per share, resulting in a total transaction value of $16.91 million. Following this transaction, Morgan retains 409,854 shares of Maplebear.
Maplebear Inc, operating as Instacart, is a San Francisco-based grocery delivery service that allows customers to order groceries from participating retailers through a website and mobile app. The company went public on September 19, 2023, and currently holds a market capitalization of $10.9 billion. As of November 20, 2025, it has a price-to-earnings ratio of 21.16 and earnings per share of 1.80.
Insider transactions provide transparency into executives' perspectives on their company’s stock. While Morgan's sale represents a significant amount of shares, such actions can stem from various personal reasons, including diversification or financial planning. Investors are advised to consider insider activity in conjunction with other fundamental and technical factors rather than in isolation.
Maplebear's upcoming earnings are scheduled for April 29, 2026, with estimated earnings per share of $0.56 and revenue of $1.0 billion. The following earnings report is set for August 5, 2026, with an estimated EPS of $0.54 and revenue also at $1.0 billion.