Sapient Capital LLC Has $3.60 Million Stock Position in Maplebear Inc. (NASDAQ:CART)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Maplebear during the third quarter worth about $33,000. Huntington National Bank bought a new position in shares of Maplebear during the 3rd quarter valued at about $54,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Maplebear during the 3rd quarter valued at about $74,000. Newbridge Financial Services Group Inc. bought a new position in shares of Maplebear during the 4th quarter valued at about $151,000. Finally, KBC Group NV lifted its holdings in shares of Maplebear by 56.5% during the 4th quarter. KBC Group NV now owns 3,808 shares of the company's stock valued at $158,000 after purchasing an additional 1,374 shares in the last quarter. Institutional investors own 63.09% of the company's stock.

Analyst Upgrades and Downgrades

CART has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on Maplebear from $41.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Stifel Nicolaus lifted their target price on Maplebear from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lifted their target price on Maplebear from $47.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. BTIG Research raised 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. Finally, Seaport Res Ptn raised Maplebear to a "strong-buy" rating in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $48.96.

Maplebear Price Performance

CART traded up $0.98 during trading on Friday, hitting $50.97. The stock had a trading volume of 2,384,031 shares, compared to its average volume of 3,987,533. The company has a 50 day moving average price of $45.09 and a 200-day moving average price of $41.52. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 1.09 and a beta of 1.07. Maplebear Inc. has a one year low of $24.52 and a one year high of $51.33.

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

Insider Activity at Maplebear

In other news, CAO Alan Ramsay sold 2,247 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $41.06, for a total transaction of $92,261.82. Following the completion of the sale, the chief accounting officer now directly owns 89,982 shares in the company, valued at approximately $3,694,660.92. This represents a 2.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Fidji Simo sold 20,750 shares of the company's stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders sold 50,555 shares of company stock worth $2,164,787 in the last ninety days. 36.00% of the stock is owned by company insiders.

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.