22,622 Maplebear Inc. $CART Shares Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management cut its Maplebear stake by 49%, selling 22,622 shares during the third quarter and retaining 23,537 shares valued at approximately $1.02 million. Institutional investors collectively own 63.09% of the company.
• Maplebear shares opened at $60.88, near their 52-week high, while analysts maintain a “Moderate Buy” consensus with an average price target of $58.53. Recent targets from Citizens JMP and Oppenheimer were raised to $65.
• The company’s latest quarter showed 14.1% year-over-year revenue growth to $1.04 billion, though adjusted earnings of $0.45 per share missed the $0.54 analyst estimate. Insiders have also sold 285,263 shares worth about $14.6 million over the past three months under pre-arranged trading plans.

Sterling Capital Management LLC lessened its stake in Maplebear Inc. (NASDAQ:CART - Free Report) by 49.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,537 shares of the company's stock after selling 22,622 shares during the quarter. Sterling Capital Management LLC's holdings in Maplebear were worth $1,015,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wedmont Private Capital increased its holdings in Maplebear by 4.3% in the third quarter. Wedmont Private Capital now owns 7,026 shares of the company's stock valued at $325,000 after buying an additional 290 shares during the last quarter. CX Institutional raised its stake in Maplebear by 91.5% during the third quarter. CX Institutional now owns 944 shares of the company's stock valued at $41,000 after buying an additional 451 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Maplebear by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,783 shares of the company's stock worth $206,000 after buying an additional 486 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Maplebear by 8.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,450 shares of the company's stock worth $242,000 after buying an additional 514 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Maplebear by 94.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,215 shares of the company's stock worth $58,000 after buying an additional 591 shares during the last quarter. Institutional investors own 63.09% of the company's stock.

Maplebear Stock Up 7.9%

CART opened at $60.88 on Tuesday. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. Maplebear Inc. has a fifty-two week low of $32.73 and a fifty-two week high of $62.00. The company's 50-day moving average price is $48.16 and its 200 day moving average price is $42.92.

Maplebear (NASDAQ:CART - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.09). Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business's revenue was up 14.1% on a year-over-year basis. Research analysts anticipate that Maplebear Inc. will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CART shares. Argus boosted their price target on Maplebear from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Citizens Jmp upped their price target on Maplebear from $60.00 to $65.00 and gave the company a "market outperform" rating in a research report on Monday. Oppenheimer raised their price objective on Maplebear from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Wells Fargo & Company lifted their price objective on shares of Maplebear from $54.00 to $56.00 and gave the stock an "equal weight" rating in a report on Monday, October 5th. Finally, Wall Street Zen lowered shares of Maplebear from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Maplebear presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.53.

Insider Buying and Selling at Maplebear

In related news, CFO Emily Reuter sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $55.00, for a total value of $2,750,000.00. Following the sale, the chief financial officer owned 599,337 shares of the company's stock, valued at approximately $32,963,535. This trade represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Morgan Fong sold 18,390 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $51.00, for a total value of $937,890.00. Following the completion of the sale, the insider directly owned 529,911 shares in the company, valued at approximately $27,025,461. This trade represents a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 285,263 shares of company stock worth $14,641,173. Corporate insiders own 24.00% of the company's stock.

Trending Headlines about Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash is reportedly in advanced talks to acquire Instacart in a deal valued at approximately $17 billion, potentially as soon as this week. A transaction could establish a valuation benchmark for Maplebear and fuel expectations of a strategic premium for shareholders. Instacart’s previously reported discussions with Uber are no longer active. DoorDash in talks to buy delivery rival Instacart in $17B deal
• Positive Sentiment: Citizens JMP raised its price target for Maplebear from $60 to $65 and maintained a “market outperform” rating, implying additional upside based on the reported current valuation.
• Positive Sentiment: Options activity showed investors buying 9,558 call contracts, roughly 95% above average. The activity indicates heightened bullish positioning, though options trading can also increase short-term volatility.
• Neutral Sentiment: The recent rally has been widely attributed to potential-sale speculation rather than a new operating update. Investors should monitor whether DoorDash confirms the talks and whether the reported valuation applies to all of Maplebear’s equity.
• Neutral Sentiment: Reports stated Maplebear had no reported short interest as of October 26, suggesting limited potential for a short-squeeze catalyst. The accompanying reference to a “large increase” in short interest appears inconsistent with the reported zero shares.
• Negative Sentiment: Instacart plans to wind down its Caper smart-cart division by the second quarter of 2027, abandoning a technology previously described as central to grocery innovation. The move could reduce growth options and signals that the project did not achieve expected traction. Instacart calls it quits on Caper smart carts
• Negative Sentiment: The CEO, CFO and another insider sold shares under pre-arranged Rule 10b5-1 plans. While the sales were scheduled and the executives retained substantial holdings, multiple insider sales can weigh on sentiment after a rapid stock advance.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart's marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.

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