Swiss National Bank purchased a new position in shares of Marqeta, Inc. (NASDAQ:MQ – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 852,500 shares of the company’s stock, valued at approximately $6,914,000. Swiss National Bank owned about 0.16% of Marqeta at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in shares of Marqeta during the 1st quarter worth $38,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Marqeta during the 2nd quarter worth $51,000. Captrust Financial Advisors purchased a new position in shares of Marqeta during the 1st quarter worth $53,000. CWM LLC purchased a new position in shares of Marqeta during the 2nd quarter valued at $63,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Marqeta by 1,104.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,827 shares of the company’s stock valued at $63,000 after buying an additional 7,177 shares in the last quarter. Hedge funds and other institutional investors own 67.04% of the company’s stock.
Marqeta Stock Up 0.8 %
Marqeta stock opened at $6.44 on Wednesday. The company’s 50-day moving average price is $7.17 and its 200-day moving average price is $8.36. Marqeta, Inc. has a twelve month low of $6.05 and a twelve month high of $22.67. The company has a market cap of $3.51 billion, a PE ratio of -17.89 and a beta of 2.19.
Wall Street Analyst Weigh In
Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions.
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