Credit Industriel ET Commercial purchased a new stake in Markforged Holding Co. (NYSE:MKFG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 109,620 shares of the company's stock, valued at approximately $344,000. Credit Industriel ET Commercial owned 0.53% of Markforged at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MKFG. Gabelli Funds LLC increased its holdings in Markforged by 426.3% during the 4th quarter. Gabelli Funds LLC now owns 470,404 shares of the company's stock valued at $1,477,000 after purchasing an additional 381,030 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Markforged by 96.5% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 313,665 shares of the company's stock worth $985,000 after purchasing an additional 154,000 shares during the last quarter. Cigogne Management SA acquired a new stake in shares of Markforged in the fourth quarter valued at $483,000. Virtu Financial LLC bought a new position in shares of Markforged in the fourth quarter valued at about $116,000. Finally, Wolverine Asset Management LLC lifted its position in Markforged by 336.2% during the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock worth $103,000 after buying an additional 25,228 shares in the last quarter. 87.30% of the stock is currently owned by institutional investors and hedge funds.
Markforged Stock Down 3.0 %
NYSE:MKFG traded down $0.14 during mid-day trading on Friday, reaching $4.60. 900 shares of the company were exchanged, compared to its average volume of 140,620. Markforged Holding Co. has a 12 month low of $1.57 and a 12 month high of $6.75. The stock has a market cap of $95.44 million, a PE ratio of -1.06 and a beta of 0.92. The company has a fifty day moving average of $3.68 and a 200 day moving average of $3.74.
Markforged (NYSE:MKFG - Get Free Report) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.09). Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. The company had revenue of $22.30 million for the quarter, compared to the consensus estimate of $22.30 million. On average, equities research analysts anticipate that Markforged Holding Co. will post -2 EPS for the current fiscal year.
Markforged Profile
(
Free Report)
Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.
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