Insider Buying: Markforged Holding Co. (NYSE:MKFG) CFO Purchases 50,000 Shares of Stock

Markforged Holding Co. (NYSE:MKFGGet Rating) CFO Assaf Zipori purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were bought at an average price of $1.03 per share, with a total value of $51,500.00. Following the purchase, the chief financial officer now owns 368,996 shares in the company, valued at approximately $380,065.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Markforged Stock Down 1.8 %

Markforged stock traded down $0.02 during trading hours on Friday, hitting $0.89. The stock had a trading volume of 267,027 shares, compared to its average volume of 678,813. The company has a 50-day moving average of $0.89 and a two-hundred day moving average of $1.14. The company has a market cap of $173.98 million, a PE ratio of -3.55 and a beta of 0.88. Markforged Holding Co. has a fifty-two week low of $0.71 and a fifty-two week high of $3.24.

Markforged (NYSE:MKFGGet Rating) last posted its quarterly earnings results on Monday, March 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $29.66 million during the quarter, compared to analysts’ expectations of $30.00 million. Markforged had a negative return on equity of 23.08% and a negative net margin of 47.14%. As a group, analysts forecast that Markforged Holding Co. will post -0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Credit Suisse Group reissued a “neutral” rating and set a $1.70 price objective on shares of Markforged in a research report on Tuesday, March 7th.

Hedge Funds Weigh In On Markforged

A number of hedge funds have recently modified their holdings of MKFG. Vanguard Group Inc. raised its holdings in shares of Markforged by 334.3% in the 1st quarter. Vanguard Group Inc. now owns 4,236,319 shares of the company’s stock worth $16,902,000 after buying an additional 3,260,928 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Markforged during the 1st quarter worth approximately $10,582,000. ARK Investment Management LLC grew its position in Markforged by 15.9% during the 1st quarter. ARK Investment Management LLC now owns 18,565,150 shares of the company’s stock worth $17,800,000 after acquiring an additional 2,550,256 shares during the last quarter. State Street Corp grew its position in Markforged by 370.3% during the 2nd quarter. State Street Corp now owns 3,238,881 shares of the company’s stock worth $5,992,000 after acquiring an additional 2,550,230 shares during the last quarter. Finally, Portolan Capital Management LLC bought a new stake in Markforged during the 4th quarter worth approximately $2,282,000. 73.19% of the stock is owned by institutional investors and hedge funds.

About Markforged

(Get Rating)

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries.

Featured Articles

Receive News & Ratings for Markforged Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markforged and related companies with's FREE daily email newsletter.