State Street Corp lessened its stake in Markforged Holding Co. (NYSE:MKFG - Free Report) by 90.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,200 shares of the company's stock after selling 334,819 shares during the period. State Street Corp owned 0.18% of Markforged worth $177,000 as of its most recent SEC filing.
Separately, Divisar Capital Management LLC boosted its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 87.30% of the company's stock.
Markforged Price Performance
Shares of Markforged stock traded up $0.14 during trading hours on Friday, hitting $3.48. The company's stock had a trading volume of 34,863 shares, compared to its average volume of 62,331. The company has a market capitalization of $71.76 million, a PE ratio of -0.80 and a beta of 1.47. The stock has a 50 day moving average of $3.96 and a 200 day moving average of $3.73. Markforged Holding Co. has a 12 month low of $1.57 and a 12 month high of $8.80.
Wall Street Analyst Weigh In
Several research firms recently weighed in on MKFG. Cantor Fitzgerald reissued a "neutral" rating and set a $5.00 price objective (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 report on Thursday, September 26th.
View Our Latest Analysis on MKFG
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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