Maplebear Inc. (NASDAQ:CART) Shares Acquired by Certuity LLC

Certuity LLC grew its position in Maplebear Inc. (NASDAQ:CART - Free Report) by 67.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,435 shares of the company's stock after purchasing an additional 22,798 shares during the quarter. Certuity LLC's holdings in Maplebear were worth $2,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in shares of Maplebear by 3.7% during the third quarter. CIBC Asset Management Inc now owns 8,114 shares of the company's stock worth $331,000 after buying an additional 286 shares during the period. Coldstream Capital Management Inc. lifted its position in Maplebear by 1.6% during the third quarter. Coldstream Capital Management Inc. now owns 31,745 shares of the company's stock valued at $1,294,000 after purchasing an additional 490 shares during the period. Oppenheimer & Co. Inc. lifted its position in Maplebear by 5.1% during the third quarter. Oppenheimer & Co. Inc. now owns 12,090 shares of the company's stock valued at $493,000 after purchasing an additional 584 shares during the period. Pier Capital LLC lifted its position in Maplebear by 0.4% during the third quarter. Pier Capital LLC now owns 151,604 shares of the company's stock valued at $6,176,000 after purchasing an additional 616 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Maplebear during the third quarter valued at $33,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Maplebear news, CEO Fidji Simo sold 20,750 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.97, for a total transaction of $891,627.50. Following the transaction, the chief executive officer now owns 1,804,243 shares of the company's stock, valued at approximately $77,528,321.71. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Alan Ramsay sold 2,247 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $41.06, for a total value of $92,261.82. Following the transaction, the chief accounting officer now directly owns 89,982 shares in the company, valued at $3,694,660.92. This trade represents a 2.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,555 shares of company stock valued at $2,164,787. Insiders own 36.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CART shares. BMO Capital Markets boosted their target price on shares of Maplebear from $39.00 to $48.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Macquarie boosted their target price on shares of Maplebear from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Robert W. Baird boosted their target price on shares of Maplebear from $44.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Barclays boosted their target price on shares of Maplebear from $48.00 to $56.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Finally, Piper Sandler boosted their target price on shares of Maplebear from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Maplebear presently has an average rating of "Moderate Buy" and an average price target of $48.96.

Maplebear Stock Up 2.0 %

Shares of Maplebear stock traded up $0.98 during trading hours on Friday, reaching $50.97. 2,384,031 shares of the company's stock were exchanged, compared to its average volume of 4,314,468. The company has a market capitalization of $13.09 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07. The business has a fifty day moving average of $45.22 and a two-hundred day moving average of $41.63. Maplebear Inc. has a 1 year low of $24.52 and a 1 year high of $51.33.

Maplebear (NASDAQ:CART - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.20. The company had revenue of $852.00 million for the quarter, compared to analyst estimates of $844.03 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($20.86) earnings per share. As a group, research analysts predict that Maplebear Inc. will post 1.43 EPS for the current year.

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.