Jacobs Levy Equity Management Inc. Lowers Holdings in Markforged Holding Co. (NYSE:MKFG)

Jacobs Levy Equity Management Inc. reduced its stake in shares of Markforged Holding Co. (NYSE:MKFG - Free Report) by 91.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,897 shares of the company's stock after selling 707,065 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.34% of Markforged worth $333,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Divisar Capital Management LLC lifted its position in Markforged by 7.7% in the second quarter. Divisar Capital Management LLC now owns 7,864,892 shares of the company's stock valued at $3,225,000 after purchasing an additional 561,304 shares during the last quarter. ARK Investment Management LLC raised its holdings in Markforged by 1.3% during the 2nd quarter. ARK Investment Management LLC now owns 18,832,300 shares of the company's stock valued at $7,721,000 after buying an additional 237,967 shares during the last quarter. Finally, Summit Partners L P boosted its position in Markforged by 0.9% during the 2nd quarter. Summit Partners L P now owns 14,731,565 shares of the company's stock valued at $6,040,000 after buying an additional 136,364 shares during the period. Hedge funds and other institutional investors own 87.30% of the company's stock.

Markforged Stock Up 1.6 %

Shares of MKFG traded up $0.07 during trading hours on Tuesday, reaching $4.38. 77,537 shares of the company traded hands, compared to its average volume of 103,602. Markforged Holding Co. has a 12 month low of $1.57 and a 12 month high of $8.80. The company has a market capitalization of $90.32 million, a price-to-earnings ratio of -0.99 and a beta of 1.47. The company's fifty day moving average price is $4.39 and its two-hundred day moving average price is $3.85.

Analyst Ratings Changes

MKFG has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $5.00 price objective (down 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.

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.