Marshall Wace LLP lifted its holdings in Maplebear Inc. (NASDAQ:CART – Free Report) by 34.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 726,582 shares of the company’s stock after purchasing an additional 184,569 shares during the period. Marshall Wace LLP’s holdings in Maplebear were worth $23,352,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Maplebear by 139.3% in the fourth quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $25,000 after acquiring an additional 620 shares in the last quarter. Treasurer of the State of North Carolina purchased a new position in Maplebear in the fourth quarter valued at $218,000. Honeycomb Asset Management LP acquired a new position in Maplebear during the 4th quarter worth $3,520,000. Cantor Fitzgerald L. P. increased its holdings in Maplebear by 389.5% during the 4th quarter. Cantor Fitzgerald L. P. now owns 1,850 shares of the company’s stock worth $43,000 after purchasing an additional 2,489 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Maplebear in the 4th quarter valued at about $587,000. 63.09% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Maplebear
In related news, CAO Alan Ramsay sold 2,626 shares of Maplebear stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $35.02, for a total value of $91,962.52. Following the sale, the chief accounting officer now directly owns 107,910 shares in the company, valued at $3,779,008.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Maplebear news, General Counsel Morgan Fong sold 9,506 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.02, for a total transaction of $332,900.12. Following the transaction, the general counsel now directly owns 372,335 shares in the company, valued at $13,039,171.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Alan Ramsay sold 2,626 shares of Maplebear stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.02, for a total transaction of $91,962.52. Following the sale, the chief accounting officer now owns 107,910 shares of the company’s stock, valued at $3,779,008.20. The disclosure for this sale can be found here. In the last three months, insiders sold 67,655 shares of company stock valued at $2,504,824. Corporate insiders own 36.00% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Maplebear
Maplebear Price Performance
Shares of CART opened at $39.46 on Friday. Maplebear Inc. has a 1 year low of $22.13 and a 1 year high of $42.58. The company’s fifty day moving average is $35.03 and its two-hundred day moving average is $34.84.
Maplebear (NASDAQ:CART – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $823.00 million for the quarter, compared to analyst estimates of $806.35 million. Maplebear had a negative net margin of 52.21% and a negative return on equity of 49.98%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts predict that Maplebear Inc. will post 1.12 earnings per share for the current year.
Maplebear Company Profile
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.
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