100,000 Shares in Maplebear Inc. (NASDAQ:CART) Acquired by Interval Partners LP

Interval Partners LP purchased a new position in shares of Maplebear Inc. (NASDAQ:CART) during the first quarter, HoldingsChannel.com reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $3,729,000.

A number of other large investors have also made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of Maplebear by 139.3% during the 4th quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $25,000 after purchasing an additional 620 shares during the period. Cantor Fitzgerald L. P. raised its position in Maplebear by 389.5% during the fourth quarter. Cantor Fitzgerald L. P. now owns 1,850 shares of the company’s stock worth $43,000 after acquiring an additional 2,489 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Maplebear in the fourth quarter valued at approximately $69,000. Amalgamated Bank acquired a new position in shares of Maplebear in the fourth quarter valued at approximately $94,000. Finally, International Assets Investment Management LLC acquired a new position in Maplebear during the fourth quarter worth approximately $110,000. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear Trading Down 0.2 %

CART stock traded down $0.08 on Wednesday, reaching $34.16. 819,278 shares of the company were exchanged, compared to its average volume of 4,096,206. Maplebear Inc. has a 12 month low of $22.13 and a 12 month high of $42.95. The stock’s fifty day moving average price is $33.25 and its 200 day moving average price is $32.78.

Maplebear (NASDAQ:CART) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.39. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $794.08 million. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts predict that Maplebear Inc. will post 1.02 EPS for the current year.

Insider Buying and Selling at Maplebear

In related news, CAO Alan Ramsay sold 2,550 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $33.21, for a total value of $84,685.50. Following the transaction, the chief accounting officer now owns 113,086 shares in the company, valued at $3,755,586.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Maplebear news, CAO Alan Ramsay sold 2,550 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $33.21, for a total value of $84,685.50. Following the transaction, the chief accounting officer now directly owns 113,086 shares of the company’s stock, valued at $3,755,586.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Morgan Fong sold 9,228 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $33.20, for a total value of $306,369.60. Following the sale, the general counsel now owns 391,069 shares of the company’s stock, valued at approximately $12,983,490.80. The disclosure for this sale can be found here. Insiders sold 53,388 shares of company stock valued at $1,795,513 in the last quarter. 36.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Gordon Haskett raised shares of Maplebear from a “hold” rating to a “buy” rating and upped their price target for the stock from $37.00 to $45.00 in a research report on Wednesday, June 5th. JMP Securities upped their price target on shares of Maplebear from $35.00 to $42.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 9th. Moffett Nathanson reiterated a “neutral” rating and set a $37.00 price objective (up from $36.00) on shares of Maplebear in a research note on Thursday, April 11th. Stifel Nicolaus upped their target price on shares of Maplebear from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Citigroup upped their target price on shares of Maplebear from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Maplebear currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.