Robeco Institutional Asset Management B.V. Has $4.37 Million Stock Holdings in Marqeta, Inc. $MQ

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Marqeta, Inc. by 16.7%, now owning 750,000 shares valued at approximately $4.37 million.
• Significant insider selling occurred, with CRO Todd Pollak and Director Jason M. Gardner selling over 148,000 shares combined, resulting in a notable decrease in their ownership.
• The average analyst rating for Marqeta is currently a Hold, with a target price range varying between $6.00 and $8.00, reflecting a mixed outlook from brokerages.

Robeco Institutional Asset Management B.V. cut its position in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 16.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 750,000 shares of the company's stock after selling 150,000 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.16% of Marqeta worth $4,372,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Alpine Global Management LLC acquired a new stake in Marqeta in the first quarter worth $42,000. Blueshift Asset Management LLC raised its holdings in Marqeta by 23.2% in the first quarter. Blueshift Asset Management LLC now owns 12,400 shares of the company's stock worth $51,000 after purchasing an additional 2,333 shares during the period. R Squared Ltd raised its holdings in Marqeta by 624.1% in the first quarter. R Squared Ltd now owns 13,106 shares of the company's stock worth $54,000 after purchasing an additional 11,296 shares during the period. AQR Capital Management LLC acquired a new stake in Marqeta in the first quarter worth $57,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Marqeta in the first quarter worth $62,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marqeta

In related news, CRO Todd Pollak sold 116,493 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $6.19, for a total transaction of $721,091.67. Following the completion of the transaction, the executive directly owned 364,525 shares of the company's stock, valued at approximately $2,256,409.75. This represents a 24.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jason M. Gardner sold 31,627 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total value of $197,985.02. Following the transaction, the director directly owned 15,367,373 shares of the company's stock, valued at $96,199,754.98. This trade represents a 0.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,398,120 shares of company stock worth $15,836,577 over the last quarter. Company insiders own 12.61% of the company's stock.

Marqeta Trading Down 1.4%

Shares of MQ stock opened at $5.04 on Tuesday. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $7.04. The firm's fifty day moving average price is $5.89 and its two-hundred day moving average price is $5.27. The firm has a market capitalization of $2.26 billion, a P/E ratio of -38.77 and a beta of 1.51.

Analysts Set New Price Targets

A number of brokerages recently commented on MQ. Deutsche Bank Aktiengesellschaft began coverage on shares of Marqeta in a report on Thursday, July 17th. They set a "hold" rating and a $6.00 price objective on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Marqeta in a report on Saturday, September 27th. The Goldman Sachs Group raised their price objective on shares of Marqeta from $5.50 to $7.50 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Marqeta from $6.50 to $6.00 and set a "market perform" rating on the stock in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Marqeta from $6.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Marqeta currently has an average rating of "Hold" and an average target price of $6.07.

Marqeta 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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