Maplebear Inc. (NASDAQ:CART) Shares Sold by Sapient Capital LLC

Sapient Capital LLC trimmed its stake in shares of Maplebear Inc. (NASDAQ:CART) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,996 shares of the company’s stock after selling 5,250 shares during the quarter. Sapient Capital LLC’s holdings in Maplebear were worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CART. Newbridge Financial Services Group Inc. bought a new position in Maplebear during the 4th quarter worth $151,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Maplebear by 120.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,795 shares of the company’s stock valued at $74,000 after acquiring an additional 980 shares during the period. Lecap Asset Management Ltd. grew its position in shares of Maplebear by 112.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 76,849 shares of the company’s stock worth $3,183,000 after acquiring an additional 40,612 shares during the last quarter. Adero Partners LLC increased its holdings in shares of Maplebear by 7.4% in the 4th quarter. Adero Partners LLC now owns 12,019 shares of the company’s stock worth $498,000 after acquiring an additional 828 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Maplebear in the 4th quarter valued at about $13,585,000. Institutional investors own 63.09% of the company’s stock.

Insider Activity at Maplebear

In other Maplebear news, CEO Fidji Simo sold 20,750 shares of Maplebear stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.97, for a total value of $891,627.50. Following the completion of the sale, the chief executive officer now directly owns 1,804,243 shares in the company, valued at $77,528,321.71. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Alan Ramsay sold 2,314 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total transaction of $107,091.92. Following the transaction, the chief accounting officer now owns 85,421 shares in the company, valued at approximately $3,953,283.88. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,555 shares of company stock valued at $2,164,787. Insiders own 36.00% of the company’s stock.

Maplebear Price Performance

Shares of CART opened at $50.32 on Tuesday. The business’s 50-day moving average is $44.61 and its 200-day moving average is $41.17. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.09 and a beta of 1.07. Maplebear Inc. has a fifty-two week low of $24.52 and a fifty-two week high of $50.48.

Maplebear (NASDAQ:CART) last issued its earnings results on Tuesday, November 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The company had revenue of $852.00 million during the quarter, compared to analyst estimates of $844.03 million. During the same quarter last year, the business posted ($20.86) EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts expect that Maplebear Inc. will post 1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

CART has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Maplebear from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BTIG Research upgraded Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, January 14th. Oppenheimer increased their price target on Maplebear from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Mizuho assumed coverage on Maplebear in a report on Tuesday, January 14th. They set an “outperform” rating and a $55.00 price target on the stock. Finally, Loop Capital increased their target price on shares of Maplebear from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Thirteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Maplebear has a consensus rating of “Moderate Buy” and a consensus target price of $48.96.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.