Markforged Holding Co. (NYSE:MKFG) Shares Sold by Senvest Management LLC

Senvest Management LLC decreased its position in shares of Markforged Holding Co. (NYSE:MKFG - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,930,998 shares of the company's stock after selling 1,585,724 shares during the period. Senvest Management LLC owned about 8.03% of Markforged worth $13,063,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MKFG. Wasatch Advisors Inc. raised its position in Markforged by 22.5% in the 1st quarter. Wasatch Advisors Inc. now owns 7,935,740 shares of the company's stock valued at $31,664,000 after purchasing an additional 1,457,313 shares in the last quarter. BlackRock Inc. raised its position in Markforged by 3.0% in the 3rd quarter. BlackRock Inc. now owns 6,767,520 shares of the company's stock valued at $13,399,000 after purchasing an additional 196,345 shares in the last quarter. Vanguard Group Inc. raised its position in Markforged by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,663,905 shares of the company's stock valued at $6,763,000 after purchasing an additional 328,748 shares in the last quarter. State Street Corp raised its position in Markforged by 11.3% in the 3rd quarter. State Street Corp now owns 3,604,498 shares of the company's stock valued at $7,137,000 after purchasing an additional 365,617 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in Markforged by 12.6% in the 1st quarter. Wasatch Advisors LP now owns 3,332,803 shares of the company's stock valued at $3,195,000 after purchasing an additional 371,955 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company's stock.

Markforged Price Performance

Shares of MKFG traded down $0.04 during mid-day trading on Friday, reaching $0.71. The company's stock had a trading volume of 176,282 shares, compared to its average volume of 321,045. The company's 50 day moving average is $0.71 and its 200 day moving average is $0.83. Markforged Holding Co. has a 12-month low of $0.61 and a 12-month high of $2.30. The stock has a market cap of $141.94 million, a PE ratio of -1.34 and a beta of 1.52.

Markforged (NYSE:MKFG - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $24.17 million during the quarter, compared to analysts' expectations of $20.95 million. Markforged had a negative return on equity of 25.97% and a negative net margin of 110.43%. During the same period last year, the firm earned ($0.06) EPS. As a group, sell-side analysts anticipate that Markforged Holding Co. will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1.45 price target on shares of Markforged in a research report on Wednesday, February 28th.

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.