Jane Street Group LLC reduced its stake in Markforged Holding Co. (NYSE:MKFG - Free Report) by 91.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,120 shares of the company's stock after selling 218,038 shares during the period. Jane Street Group LLC owned approximately 0.10% of Markforged worth $101,000 at the end of the most recent reporting period.
Separately, Divisar Capital Management LLC lifted its stake in Markforged by 7.7% in the 2nd quarter. Divisar Capital Management LLC now owns 7,864,892 shares of the company's stock worth $3,225,000 after purchasing an additional 561,304 shares in the last quarter. Hedge funds and other institutional investors own 87.30% of the company's stock.
Markforged Stock Up 0.9 %
NYSE:MKFG traded up $0.03 during midday trading on Wednesday, hitting $3.48. The company had a trading volume of 15,757 shares, compared to its average volume of 42,862. The company has a market capitalization of $71.76 million, a PE ratio of -0.80 and a beta of 1.51. Markforged Holding Co. has a 52-week low of $1.57 and a 52-week high of $8.80. The stock's fifty day moving average price is $3.81 and its 200-day moving average price is $3.69.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Lake Street Capital restated a "hold" rating on shares of Markforged in a research report on Thursday, September 26th. Cantor Fitzgerald restated a "neutral" rating and issued a $5.00 price objective (down from $8.50) on shares of Markforged in a research report on Thursday, September 26th.
Read Our Latest Stock Analysis on MKFG
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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