Versor Investments LP Acquires 22,118 Shares of Maplebear Inc. $CART

Versor Investments LP boosted its holdings in Maplebear Inc. (NASDAQ:CART) by 101.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,006 shares of the company’s stock after purchasing an additional 22,118 shares during the quarter. Versor Investments LP’s holdings in Maplebear were worth $1,979,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in Maplebear by 78.6% in the third quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock worth $32,000 after purchasing an additional 389 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Maplebear by 35.7% during the third quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after acquiring an additional 244 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Maplebear by 212.7% during the third quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock valued at $43,000 after acquiring an additional 787 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Maplebear during the third quarter valued at approximately $43,000. Finally, CWM LLC increased its holdings in shares of Maplebear by 42.2% during the third quarter. CWM LLC now owns 1,634 shares of the company’s stock valued at $60,000 after acquiring an additional 485 shares in the last quarter. 63.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Maplebear

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total value of $377,947.50. Following the transaction, the chief accounting officer owned 58,971 shares of the company’s stock, valued at approximately $2,373,582.75. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Morgan Fong sold 126,083 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total value of $4,676,418.47. Following the completion of the transaction, the general counsel directly owned 386,643 shares in the company, valued at approximately $14,340,588.87. This represents a 24.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 144,863 shares of company stock worth $5,418,135. Insiders own 24.00% of the company’s stock.

Maplebear Trading Up 0.1%

CART stock opened at $40.41 on Tuesday. The stock’s fifty day simple moving average is $39.37 and its two-hundred day simple moving average is $39.92. Maplebear Inc. has a 1-year low of $32.73 and a 1-year high of $53.50. The stock has a market cap of $9.50 billion, a P/E ratio of 22.58, a P/E/G ratio of 0.56 and a beta of 0.96.

Maplebear (NASDAQ:CART) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Maplebear had a return on equity of 18.67% and a net margin of 12.50%.The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, analysts forecast that Maplebear Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CART has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Maplebear in a report on Thursday, May 7th. Barclays boosted their price objective on Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Wells Fargo & Company lifted their target price on Maplebear from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Argus raised Maplebear to a “strong-buy” rating in a research report on Thursday, March 5th. Finally, BNP Paribas Exane assumed coverage on Maplebear in a research report on Wednesday, January 14th. They set an “underperform” rating and a $41.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.39.

About Maplebear

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.