Markforged Holding Co. (NYSE:MKFG) CFO Assaf Zipori Purchases 50,000 Shares

Markforged Holding Co. (NYSE:MKFGGet Rating) CFO Assaf Zipori bought 50,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of $1.03 per share, for a total transaction of $51,500.00. Following the acquisition, the chief financial officer now directly owns 368,996 shares of the company’s stock, valued at approximately $380,065.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Markforged Trading Down 1.8 %

NYSE:MKFG traded down $0.02 on Friday, hitting $0.89. 267,027 shares of the stock were exchanged, compared to its average volume of 678,813. The stock has a market cap of $173.98 million, a PE ratio of -3.55 and a beta of 0.88. The stock has a fifty day moving average of $0.89 and a 200-day moving average of $1.14. 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 announced its quarterly earnings results on Monday, March 6th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $29.66 million during the quarter, compared to analyst estimates 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 predict that Markforged Holding Co. will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On Markforged

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKFG. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Markforged in the fourth quarter valued at about $290,000. Senvest Management LLC grew its stake in Markforged by 12.8% during the 4th quarter. Senvest Management LLC now owns 17,141,219 shares of the company’s stock valued at $19,884,000 after purchasing an additional 1,949,447 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Markforged during the 4th quarter valued at approximately $29,000. Y Intercept Hong Kong Ltd acquired a new stake in Markforged during the 1st quarter valued at approximately $38,000. Finally, SG Americas Securities LLC grew its stake in Markforged by 87.2% during the 1st quarter. SG Americas Securities LLC now owns 64,468 shares of the company’s stock valued at $62,000 after purchasing an additional 30,037 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Markforged Company Profile

(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.

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