Maplebear (CART) CLO Morgan Fong Sells $938K of Stock

By TradeTexts Research Desk Oct 26, 2026, 9:01 AM EDT

Key Points

Morgan Fong's recent sale of 18,390 shares reduced his ownership by about 3.35%, leaving him with 529,911 shares.
Maplebear Inc. stock recently traded around $56.44, about 9.2% above its closing price of $51.68 on the day of the transaction.
Analysts have a consensus buy rating on Maplebear with a mean price target of $57.90, indicating potential upside from current levels.

Since the trade, $CART is up 9.2% to date (from the $51.68 close on Oct 22, 2026).

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On October 22, 2026, Morgan Fong, the Chief Legal Officer at Maplebear Inc., sold 18,390 shares for approximately $937,934. This sale was made at an average price of $51.00 per share, which is below the stock's recent trading levels. Fong's stake in the company decreased by about 3.35%, leaving him with 529,911 shares.

CART Maplebear Inc.

$56.44 +28.54% year to date

Daily close · Oct 23, 2026

Inside Morgan Fong's Trade

Fong's sale of 18,390 shares is part of a planned transaction, as indicated by the Form 4 filing with the SEC. This move reflects a strategic adjustment in his holdings rather than a negative outlook on the company's prospects.

Other Institutional Activity in Maplebear Inc.

Several other institutional investors have also been active in Maplebear Inc. Sc Us (ttgp), Ltd. holds 27,928,385 shares valued at about $1.58 billion. D1 Capital Partners, LP increased its position by 6,767 shares, totaling 22,564,435 shares worth approximately $1.27 billion. LSV Asset Management significantly boosted its holdings by 3,786,819 shares, ending with 4,533,815 shares valued at about $255.9 million.

Maplebear Inc. Stock Up 9.2%

Maplebear Inc. shares recently traded around $56.44, which is about 9.2% above the closing price of $51.68 on October 22, 2026. The stock is currently positioned above its 50-day moving average by 17.2% and its 200-day moving average by 31.6%. However, it is still below its 52-week high of $57.98.

Recent Earnings

Maplebear Inc. reported trailing twelve-month revenue of approximately $3.99 billion with a net margin of 12.0% and a return on equity of 16.0%. The company is set to announce its next earnings on November 5, 2026.

Insider Buying and Selling at Maplebear Inc.

In addition to Morgan Fong's recent sale, other insiders have also been active. On August 27, 2026, Director Mary Beth Laughton sold 10,236 shares at an average price of $50.33, totaling about $515,150. Officer Lisa Blackwood-Kapral sold 3,017 shares on September 15, 2026, for about $142,040. Fong also sold shares earlier on September 22, 2026, prior to this planned sale.

Analysts Set New Price Targets

Analysts maintain a positive outlook on Maplebear. On August 7, 2026, Barclays maintained an Overweight rating with a target price of $77.00. Citigroup also maintains a Buy rating, raising its target to $58.00 on August 10, 2026. The consensus among analysts is a buy rating with a mean price target of $57.90 based on 29 opinions.

About Maplebear Inc.

Maplebear Inc., known as Instacart, operates as a technology partner for the grocery industry, providing services in the U.S. and internationally. The company has seen significant growth in revenue, supported by its innovative solutions in the consumer cyclical sector.

Bottom Line

Investors should keep an eye on Maplebear's upcoming earnings report scheduled for November 5, 2026, as well as any further insider transactions. Morgan Fong's planned sale adds to the recent trading activity among company insiders, reflecting ongoing adjustments in their holdings.