William Blair Investment Management LLC Acquires New Shares in Maplebear Inc. $CART

Posted by Geri Gentry on Aug 22nd, 2026

William Blair Investment Management LLC bought a new position in shares of Maplebear Inc. (NASDAQ:CART – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,826,026 shares of the company’s stock, valued at approximately $86,462,000. William Blair Investment Management LLC owned approximately 0.78% of Maplebear as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Maplebear in the first quarter valued at $25,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Maplebear in the 4th quarter worth about $27,000. Allworth Financial LP boosted its position in shares of Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after buying an additional 244 shares in the last quarter. IFP Advisors Inc grew its stake in Maplebear by 761.3% in the 4th quarter. IFP Advisors Inc now owns 956 shares of the company’s stock valued at $43,000 after acquiring an additional 845 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Maplebear by 212.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock valued at $43,000 after acquiring an additional 787 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Insider Buying and Selling at Maplebear

In related news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the transaction, the director owned 741,523 shares of the company’s stock, valued at approximately $30,780,619.73. This represents a 19.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 24.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CART shares. Citizens Jmp restated a “market outperform” rating and set a $60.00 target price on shares of Maplebear in a research report on Monday, June 15th. Wedbush assumed coverage on shares of Maplebear in a research report on Thursday, July 16th. They issued an “outperform” rating and a $59.00 price target on the stock. Needham & Company LLC raised their price objective on shares of Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Oppenheimer lifted their price objective on Maplebear from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.90.

Read Our Latest Research Report on Maplebear

Maplebear Trading Down 2.4%

Maplebear stock opened at $49.83 on Friday. The stock has a 50-day moving average price of $46.61 and a 200 day moving average price of $41.66. Maplebear Inc. has a 52 week low of $32.73 and a 52 week high of $51.81. The stock has a market cap of $11.54 billion, a PE ratio of 27.23, a P/E/G ratio of 0.75 and a beta of 0.78.

Maplebear (NASDAQ:CART – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $0.41 earnings per share. Maplebear’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts predict that Maplebear Inc. will post 2.33 EPS for the current year.

About Maplebear

(Free Report)

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.