Credit Industriel ET Commercial bought a new position in Markforged Holding Co. (NYSE:MKFG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 109,620 shares of the company's stock, valued at approximately $344,000. Credit Industriel ET Commercial owned approximately 0.53% of Markforged at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MKFG. Wolverine Asset Management LLC raised its holdings in shares of Markforged by 336.2% during the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock valued at $103,000 after acquiring an additional 25,228 shares during the period. Virtu Financial LLC acquired a new stake in Markforged during the 4th quarter valued at $116,000. Renaissance Technologies LLC lifted its holdings 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 purchasing an additional 22,300 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Markforged by 9.7% in 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 period. Finally, Cigogne Management SA acquired a new position in Markforged during the fourth quarter valued at $483,000. 87.30% of the stock is owned by institutional investors and hedge funds.
Markforged Stock Down 3.0 %
Shares of MKFG traded down $0.14 during trading hours on Tuesday, reaching $4.60. The company's stock had a trading volume of 900 shares, compared to its average volume of 140,620. Markforged Holding Co. has a 1-year low of $1.57 and a 1-year high of $6.75. The firm has a market cap of $95.44 million, a price-to-earnings ratio of -1.06 and a beta of 0.92. The company has a 50 day moving average of $3.71 and a two-hundred day moving average of $3.73.
Markforged (NYSE:MKFG - Get Free Report) last issued its earnings results on Friday, March 28th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.09). The firm had revenue of $22.30 million during the quarter, compared to analysts' expectations of $22.30 million. Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. As a group, analysts forecast that Markforged Holding Co. will post -2 EPS for the current fiscal 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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