Geode Capital Management LLC cut its position in Markforged Holding Co. (NYSE:MKFG - Free Report) by 89.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,678 shares of the company's stock after selling 1,017,353 shares during the quarter. Geode Capital Management LLC owned 0.56% of Markforged worth $547,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Divisar Capital Management LLC lifted its holdings in Markforged by 7.7% during the 2nd quarter. Divisar Capital Management LLC now owns 7,864,892 shares of the company's stock worth $3,225,000 after buying an additional 561,304 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on MKFG shares. Cantor Fitzgerald restated a "neutral" rating and issued a $5.00 price target (down previously from $8.50) on shares of Markforged in a research note on Thursday, September 26th. Lake Street Capital reissued a "hold" rating on shares of Markforged in a research note on Thursday, September 26th.
Read Our Latest Stock Analysis on Markforged
Markforged Trading Down 2.1 %
NYSE:MKFG traded down $0.07 during mid-day trading on Friday, hitting $3.31. The stock had a trading volume of 25,059 shares, compared to its average volume of 49,110. Markforged Holding Co. has a twelve month low of $1.57 and a twelve month high of $8.80. The stock has a 50-day simple moving average of $3.85 and a two-hundred day simple moving average of $3.70. The company has a market capitalization of $68.25 million, a PE ratio of -0.76 and a beta of 1.51.
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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