33,518 Shares in Maplebear Inc. $CART Acquired by Paragon Capital Management Inc.

Paragon Capital Management Inc. bought a new stake in Maplebear Inc. (NASDAQ:CART) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,518 shares of the company’s stock, valued at approximately $1,256,000.

Several other hedge funds have also bought and sold shares of the stock. PenderFund Capital Management Ltd. purchased a new position in Maplebear in the 4th quarter worth approximately $27,000. Allworth Financial LP raised its position in shares of Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after buying an additional 244 shares in the last quarter. IFP Advisors Inc raised its position in shares of Maplebear by 761.3% during the 4th quarter. IFP Advisors Inc now owns 956 shares of the company’s stock valued at $43,000 after buying an additional 845 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Maplebear by 212.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock worth $43,000 after acquiring an additional 787 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Maplebear by 49.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,462 shares of the company’s stock worth $66,000 after acquiring an additional 482 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CART shares. Raymond James Financial raised Maplebear from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 9th. Argus raised Maplebear to a “strong-buy” rating in a research note on Thursday, March 5th. Weiss Ratings upgraded Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen lowered Maplebear from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Jefferies Financial Group raised Maplebear from a “hold” rating to a “buy” rating and raised their price objective for the company from $38.00 to $45.00 in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.09.

Maplebear Stock Performance

CART stock opened at $44.27 on Tuesday. Maplebear Inc. has a 52 week low of $32.73 and a 52 week high of $53.50. The firm’s fifty day moving average is $41.44 and its 200 day moving average is $40.33. The firm has a market cap of $10.40 billion, a P/E ratio of 24.73, a P/E/G ratio of 0.61 and a beta of 0.88.

Maplebear (NASDAQ:CART) last posted its quarterly earnings results 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 the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’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 2.45 EPS for the current year.

Insider Activity

In related news, Director Ravi Gupta sold 181,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the transaction, the director directly owned 741,523 shares in the company, valued at $30,780,619.73. This trade represents a 19.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 9,390 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $40.25, for a total value of $377,947.50. Following the completion of the sale, the chief accounting officer owned 58,971 shares of the company’s stock, valued at $2,373,582.75. The trade was a 13.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 24.00% of the stock is currently owned by insiders.

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.