2,954 Shares in Maplebear Inc. (NASDAQ:CART) Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda purchased a new stake in shares of Maplebear Inc. (NASDAQ:CART) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,954 shares of the company’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SC US Ttgp LTD. bought a new position in shares of Maplebear in the third quarter valued at approximately $1,180,490,000. Canaan Partners IX LLC bought a new position in Maplebear during the 4th quarter valued at $87,508,000. Norges Bank purchased a new position in Maplebear during the 4th quarter worth $78,674,000. FMR LLC bought a new stake in shares of Maplebear in the 3rd quarter worth $56,424,000. Finally, Thrive Capital Management LLC purchased a new stake in shares of Maplebear in the third quarter valued at about $47,818,000. 63.09% of the stock is owned by institutional investors.

Maplebear Price Performance

Shares of CART opened at $33.08 on Friday. Maplebear Inc. has a 52-week low of $22.13 and a 52-week high of $42.95. The stock’s 50-day simple moving average is $34.01 and its 200 day simple moving average is $30.70.

Maplebear (NASDAQ:CART) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. The firm had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $794.08 million. Maplebear’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that Maplebear Inc. will post 1.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Maplebear from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Morgan Stanley increased their price target on Maplebear from $28.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. BMO Capital Markets boosted their price objective on Maplebear from $26.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. Robert W. Baird raised their target price on Maplebear from $31.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, Wolfe Research boosted their price target on shares of Maplebear from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Insiders Place Their Bets

In other news, CEO Fidji Simo sold 2,500 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $33.81, for a total transaction of $84,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,992,667 shares in the company, valued at approximately $67,372,071.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Nick Giovanni sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $36.97, for a total value of $369,700.00. Following the sale, the chief financial officer now directly owns 576,977 shares of the company’s stock, valued at $21,330,839.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fidji Simo sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $33.81, for a total transaction of $84,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,992,667 shares of the company’s stock, valued at approximately $67,372,071.27. The disclosure for this sale can be found here. Insiders have sold 98,335 shares of company stock worth $3,477,223 in the last three months. 36.00% of the stock is currently owned by corporate insiders.

About Maplebear

Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.