GSA Capital Partners LLP Has $746,000 Holdings in Maplebear Inc. (NASDAQ:CART)

GSA Capital Partners LLP decreased its stake in Maplebear Inc. (NASDAQ:CART - Free Report) by 65.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,316 shares of the company's stock after selling 34,715 shares during the quarter. GSA Capital Partners LLP's holdings in Maplebear were worth $746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC increased its stake in shares of Maplebear by 1,600.0% during the 2nd quarter. nVerses Capital LLC now owns 1,700 shares of the company's stock worth $55,000 after purchasing an additional 1,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Maplebear during the 3rd quarter worth $74,000. Quarry LP increased its stake in shares of Maplebear by 269.5% during the 2nd quarter. Quarry LP now owns 3,928 shares of the company's stock worth $126,000 after purchasing an additional 2,865 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new position in shares of Maplebear during the 3rd quarter worth $231,000. Finally, Entropy Technologies LP acquired a new position in shares of Maplebear during the 3rd quarter worth $232,000. Hedge funds and other institutional investors own 63.09% of the company's stock.

Maplebear Stock Down 2.6 %

Shares of CART stock traded down $1.09 during trading on Monday, reaching $40.91. The company's stock had a trading volume of 4,229,064 shares, compared to its average volume of 3,990,025. The business has a fifty day moving average price of $42.28 and a 200-day moving average price of $36.67. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12. Maplebear Inc. has a one year low of $22.13 and a one year high of $50.01.

Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.20. The business had revenue of $852.00 million for the quarter, compared to analyst estimates of $844.03 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($20.86) earnings per share. Research analysts anticipate that Maplebear Inc. will post 1.4 EPS for the current year.

Insider Transactions at Maplebear

In related news, General Counsel Morgan Fong sold 29,253 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.03, for a total transaction of $1,405,021.59. Following the transaction, the general counsel now directly owns 258,406 shares in the company, valued at approximately $12,411,240.18. The trade was a 10.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Alan Ramsay sold 2,486 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $41.39, for a total transaction of $102,895.54. Following the transaction, the chief accounting officer now owns 99,225 shares in the company, valued at approximately $4,106,922.75. The trade was a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,710 shares of company stock valued at $4,978,164 over the last 90 days. 36.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CART has been the topic of a number of research analyst reports. Bank of America raised their target price on shares of Maplebear from $50.00 to $51.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a "hold" rating on shares of Maplebear in a report on Wednesday, November 13th. JMP Securities raised their price objective on shares of Maplebear from $42.00 to $51.00 and gave the stock a "market outperform" rating in a report on Wednesday, November 13th. Benchmark reiterated a "hold" rating on shares of Maplebear in a research report on Wednesday, August 7th. Finally, Citigroup boosted their price objective on shares of Maplebear from $44.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $47.29.

About Maplebear

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.