Cigogne Management SA Makes New $483,000 Investment in Markforged Holding Co. (NYSE:MKFG)

Cigogne Management SA purchased a new stake in shares of Markforged Holding Co. (NYSE:MKFG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 153,780 shares of the company's stock, valued at approximately $483,000. Cigogne Management SA owned about 0.75% of Markforged at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKFG. Geode Capital Management LLC increased its position in shares of Markforged by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 125,777 shares of the company's stock valued at $395,000 after purchasing an additional 11,099 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Markforged by 104.5% during the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company's stock valued at $137,000 after buying an additional 22,300 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Markforged by 336.2% during the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock valued at $103,000 after buying an additional 25,228 shares in the last quarter. Virtu Financial LLC purchased a new stake in Markforged during the 4th quarter valued at approximately $116,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Markforged by 96.5% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 313,665 shares of the company's stock valued at $985,000 after buying an additional 154,000 shares in the last quarter. Institutional investors own 87.30% of the company's stock.

Markforged Stock Performance

Shares of NYSE:MKFG traded down $0.14 on Tuesday, reaching $4.60. The company's stock had a trading volume of 900 shares, compared to its average volume of 140,620. The company has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $3.73. The company has a market cap of $95.44 million, a P/E ratio of -1.06 and a beta of 0.92. Markforged Holding Co. has a 52-week low of $1.57 and a 52-week high of $6.75.

Markforged (NYSE:MKFG - Get Free Report) last announced its earnings results on Friday, March 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.09). The business had revenue of $22.30 million for 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%. On average, equities research analysts forecast that Markforged Holding Co. will post -2 EPS for the current fiscal year.

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.