Catalyst Funds Management Pty Ltd Acquires New Stake in Maplebear Inc. (NASDAQ:CART)

Catalyst Funds Management Pty Ltd acquired a new stake in Maplebear Inc. (NASDAQ:CART) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 15,300 shares of the company’s stock, valued at approximately $634,000.

A number of other large investors also recently bought and sold shares of CART. Jones Financial Companies Lllp boosted its holdings in Maplebear by 46.6% in the 4th quarter. Jones Financial Companies Lllp now owns 698 shares of the company’s stock valued at $29,000 after purchasing an additional 222 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Maplebear by 3.7% in the third quarter. CIBC Asset Management Inc now owns 8,114 shares of the company’s stock valued at $331,000 after buying an additional 286 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Maplebear by 101.4% in the fourth quarter. Allworth Financial LP now owns 834 shares of the company’s stock valued at $37,000 after buying an additional 420 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Maplebear by 1.6% during the third quarter. Coldstream Capital Management Inc. now owns 31,745 shares of the company’s stock worth $1,294,000 after acquiring an additional 490 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in Maplebear by 5.1% in the third quarter. Oppenheimer & Co. Inc. now owns 12,090 shares of the company’s stock worth $493,000 after acquiring an additional 584 shares in the last quarter. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Maplebear Stock Performance

NASDAQ CART opened at $38.57 on Friday. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.19 and a beta of 1.34. Maplebear Inc. has a one year low of $29.84 and a one year high of $53.44. The company’s 50 day moving average price is $45.55 and its 200 day moving average price is $43.12.

Maplebear (NASDAQ:CART) last issued its earnings results on Tuesday, February 25th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The business had revenue of $883.00 million for the quarter, compared to the consensus estimate of $889.98 million. Sell-side analysts forecast that Maplebear Inc. will post 1.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on CART shares. Mizuho lowered their target price on shares of Maplebear from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. BMO Capital Markets lifted their price objective on Maplebear from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Loop Capital dropped their price target on Maplebear from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Morgan Stanley boosted their price objective on shares of Maplebear from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Seaport Res Ptn upgraded shares of Maplebear to a “strong-buy” rating in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.52.

Insider Buying and Selling at Maplebear

In other Maplebear news, CEO Fidji Simo sold 20,750 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $42.74, for a total value of $886,855.00. Following the completion of the sale, the chief executive officer now owns 1,771,993 shares of the company’s stock, valued at $75,734,980.82. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Alan Ramsay sold 2,247 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $42.14, for a total transaction of $94,688.58. Following the transaction, the chief accounting officer now directly owns 87,735 shares in the company, valued at approximately $3,697,152.90. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,061 shares of company stock valued at $1,987,318 over the last three months. 36.00% of the stock is owned by company insiders.

About Maplebear

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.