Cigogne Management SA Acquires New Shares in Markforged Holding Co. (NYSE:MKFG)

Cigogne Management SA bought a new position in Markforged Holding Co. (NYSE:MKFG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 153,780 shares of the company's stock, valued at approximately $483,000. Cigogne Management SA owned about 0.75% of Markforged at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in Markforged in the 4th quarter valued at $116,000. Wolverine Asset Management LLC raised its holdings in shares of Markforged by 336.2% in the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock valued at $103,000 after purchasing an additional 25,228 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position 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 valued at $985,000 after purchasing an additional 154,000 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Markforged by 426.3% during the fourth quarter. Gabelli Funds LLC now owns 470,404 shares of the company's stock worth $1,477,000 after purchasing an additional 381,030 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Markforged by 104.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company's stock worth $137,000 after purchasing an additional 22,300 shares in the last quarter. 87.30% of the stock is owned by hedge funds and other institutional investors.

Markforged Stock Performance

Shares of Markforged stock traded down $0.14 during mid-day trading on Friday, hitting $4.60. 900 shares of the stock 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 company has a 50-day simple moving average of $3.68 and a 200 day simple moving average of $3.74. The company has a market capitalization of $95.44 million, a P/E ratio of -1.06 and a beta of 0.92.

Markforged (NYSE:MKFG - Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.09). The business had revenue of $22.30 million for the quarter, compared to the consensus estimate of $22.30 million. Markforged had a negative return on equity of 34.99% and a negative net margin of 101.18%. Analysts predict that Markforged Holding Co. will post -2 EPS for the current year.

Markforged Profile

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.