Gabelli Funds LLC boosted its holdings in Markforged Holding Co. (NYSE:MKFG - Free Report) by 426.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,404 shares of the company's stock after purchasing an additional 381,030 shares during the quarter. Gabelli Funds LLC owned approximately 2.28% of Markforged worth $1,477,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of MKFG. Wolverine Asset Management LLC boosted its position in Markforged by 336.2% in the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock valued at $103,000 after buying an additional 25,228 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Markforged in the 4th quarter valued at about $116,000. Renaissance Technologies LLC increased its position in shares of Markforged by 104.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company's stock valued at $137,000 after acquiring an additional 22,300 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Markforged by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 125,777 shares of the company's stock worth $395,000 after buying an additional 11,099 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors.
Markforged Trading Up 0.1 %
MKFG stock traded up $0.01 during trading hours on Thursday, hitting $4.77. 50,610 shares of the stock were exchanged, compared to its average volume of 138,225. The firm has a market capitalization of $98.86 million, a P/E ratio of -1.10 and a beta of 0.92. The company has a 50-day simple moving average of $3.61 and a two-hundred day simple moving average of $3.74. Markforged Holding Co. has a 12 month low of $1.57 and a 12 month high of $6.90.
Markforged (NYSE:MKFG - Get Free Report) last released its earnings results on Friday, March 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.09). The business had revenue of $22.30 million during the quarter, compared to the consensus estimate of $22.30 million. Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. On average, equities research analysts predict that Markforged Holding Co. will post -2 earnings per share for the current year.
About Markforged
(
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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