Maplebear Inc. (NASDAQ:CART) Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC lifted its position in Maplebear Inc. (NASDAQ:CART - Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,436 shares of the company's stock after purchasing an additional 9,658 shares during the quarter. Boothbay Fund Management LLC's holdings in Maplebear were worth $4,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Maplebear by 212.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,938 shares of the company's stock worth $992,000 after buying an additional 16,267 shares during the last quarter. Cherry Creek Investment Advisors Inc. acquired a new position in shares of Maplebear in the 4th quarter valued at $235,000. US Bancorp DE grew its holdings in shares of Maplebear by 22.3% during the 4th quarter. US Bancorp DE now owns 13,077 shares of the company's stock worth $542,000 after purchasing an additional 2,387 shares during the period. Nordea Investment Management AB acquired a new stake in shares of Maplebear during the 4th quarter worth about $2,078,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Maplebear in the 4th quarter valued at about $234,000. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Maplebear

In other Maplebear news, General Counsel Morgan Fong sold 5,249 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $42.57, for a total transaction of $223,449.93. Following the completion of the sale, the general counsel now directly owns 484,292 shares of the company's stock, valued at approximately $20,616,310.44. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fidji Simo sold 20,750 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $43.31, for a total value of $898,682.50. Following the sale, the chief executive officer now owns 1,662,692 shares of the company's stock, valued at $72,011,190.52. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,165 shares of company stock worth $1,541,785. 26.00% of the stock is owned by company insiders.

Maplebear Trading Down 0.2 %

Shares of Maplebear stock traded down $0.09 on Thursday, hitting $39.80. The stock had a trading volume of 8,737,474 shares, compared to its average volume of 4,430,657. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.19 and a beta of 1.20. Maplebear Inc. has a 52-week low of $29.84 and a 52-week high of $53.44. The company's 50 day moving average price is $40.36 and its 200 day moving average price is $43.46.

Maplebear (NASDAQ:CART - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Maplebear had a net margin of 13.37% and a return on equity of 13.78%. Analysts predict that Maplebear Inc. will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CART has been the subject of a number of research reports. BTIG Research raised Maplebear from a "neutral" rating to a "buy" rating and set a $58.00 price objective for the company in a research note on Tuesday, January 14th. JMP Securities reiterated a "market outperform" rating and set a $55.00 price target on shares of Maplebear in a research note on Friday, April 11th. Loop Capital lowered their price objective on shares of Maplebear from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on shares of Maplebear from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley raised their price target on shares of Maplebear from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Twelve research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.48.

Maplebear 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.