Sapient Capital LLC Sells 5,250 Shares of Maplebear Inc. (NASDAQ:CART)

Sapient Capital LLC decreased its position in Maplebear Inc. (NASDAQ:CART) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CART. Wilmington Savings Fund Society FSB acquired a new position in Maplebear in the 3rd quarter valued at $33,000. Huntington National Bank bought a new stake in Maplebear during the third quarter valued at about $54,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Maplebear in the third quarter valued at about $74,000. Newbridge Financial Services Group Inc. bought a new position in shares of Maplebear in the fourth quarter worth about $151,000. Finally, KBC Group NV lifted its position in shares of Maplebear by 56.5% during the 4th quarter. KBC Group NV now owns 3,808 shares of the company’s stock worth $158,000 after purchasing an additional 1,374 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear Trading Up 2.3 %

NASDAQ CART opened at $50.32 on Tuesday. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.09 and a beta of 1.07. Maplebear Inc. has a 1-year low of $24.52 and a 1-year high of $50.48. The company has a 50 day moving average of $44.61 and a 200-day moving average of $41.17.

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

Analyst Upgrades and Downgrades

CART has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Maplebear in a report on Tuesday, December 3rd. They issued a “hold” rating and a $37.00 target price on the stock. Macquarie raised their price objective on shares of Maplebear from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Morgan Stanley upped their target price on shares of Maplebear from $41.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Robert W. Baird raised their price target on shares of Maplebear from $44.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Bank of America upped their price objective on shares of Maplebear from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.96.

Insider Transactions at Maplebear

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

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.