Capital Fund Management S.A. Acquires Shares of 144,760 Marqeta, Inc. $MQ

Key Points

• Capital Fund Management S.A. has acquired 144,760 shares of Marqeta, Inc. valued at approximately $596,000 during the first quarter.
• In addition to Capital Fund Management, various institutional investors have been actively buying and selling Marqeta shares, with institutional ownership now at 78.64%.
• Marqeta's stock has seen price target increases from analysts, with Goldman Sachs raising its target from $5.50 to $7.50 and JPMorgan Chase boosting it from $6.00 to $8.00.

Capital Fund Management S.A. acquired a new stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 144,760 shares of the company's stock, valued at approximately $596,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Marqeta in the fourth quarter valued at approximately $288,000. Allspring Global Investments Holdings LLC raised its stake in Marqeta by 44.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 67,579 shares of the company's stock valued at $287,000 after buying an additional 20,909 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Marqeta during the fourth quarter worth approximately $1,520,000. Northern Trust Corp boosted its holdings in shares of Marqeta by 3.9% during the fourth quarter. Northern Trust Corp now owns 4,301,993 shares of the company's stock worth $16,305,000 after acquiring an additional 161,968 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Marqeta by 7.6% during the first quarter. Invesco Ltd. now owns 5,797,217 shares of the company's stock worth $23,885,000 after acquiring an additional 411,571 shares during the period. Institutional investors own 78.64% of the company's stock.

Insider Activity at Marqeta

In other news, CRO Todd Pollak sold 116,493 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $6.19, for a total transaction of $721,091.67. Following the transaction, the executive directly owned 364,525 shares of the company's stock, valued at approximately $2,256,409.75. This trade represents a 24.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jason M. Gardner sold 2,250,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $6.63, for a total transaction of $14,917,500.00. Following the transaction, the director directly owned 15,399,000 shares in the company, valued at $102,095,370. This represents a 12.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.61% of the stock is currently owned by company insiders.

Marqeta Trading Up 1.1%

Shares of MQ opened at $6.24 on Wednesday. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $7.04. The firm's 50 day moving average is $5.92 and its 200-day moving average is $4.90. The stock has a market capitalization of $2.80 billion, a PE ratio of -48.00 and a beta of 1.54.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MQ shares. The Goldman Sachs Group boosted their price objective on Marqeta from $5.50 to $7.50 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Barclays boosted their price objective on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. boosted their price objective on Marqeta from $6.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Keefe, Bruyette & Woods boosted their price objective on Marqeta from $4.50 to $6.50 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Finally, UBS Group boosted their price objective on Marqeta from $5.00 to $5.75 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Marqeta has a consensus rating of "Hold" and a consensus price target of $6.11.

Marqeta Company Profile

Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services. It offers its solutions in various verticals, including financial services, on-demand services, expense management, and e-commerce enablement, as well as buy now, pay later.

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