Northern Trust Corp Buys 4,511 Shares of Markforged Holding Co. (NYSE:MKFG)

Northern Trust Corp increased its stake in shares of Markforged Holding Co. (NYSE:MKFG) by 19.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,220 shares of the company’s stock after acquiring an additional 4,511 shares during the period. Northern Trust Corp owned about 0.13% of Markforged worth $85,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolverine Asset Management LLC raised its stake in Markforged by 336.2% in the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock valued at $103,000 after buying an additional 25,228 shares during the period. Virtu Financial LLC bought a new stake in Markforged in the fourth quarter valued at approximately $116,000. Renaissance Technologies LLC raised its stake in Markforged by 104.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock valued at $137,000 after buying an additional 22,300 shares during the period. Credit Industriel ET Commercial bought a new stake in Markforged in the fourth quarter valued at approximately $344,000. Finally, Geode Capital Management LLC raised its stake in Markforged by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 125,777 shares of the company’s stock valued at $395,000 after buying an additional 11,099 shares during the period. Institutional investors own 87.30% of the company’s stock.

Markforged Stock Down 3.0%

NYSE:MKFG opened at $4.60 on Wednesday. The stock’s 50 day moving average price is $4.64 and its two-hundred day moving average price is $3.76. The firm has a market capitalization of $95.44 million, a price-to-earnings ratio of -1.06 and a beta of 0.92. Markforged Holding Co. has a 12-month low of $1.57 and a 12-month high of $5.50.

Markforged (NYSE:MKFG) last released its quarterly earnings data on Friday, March 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.09). The business had revenue of $22.30 million during the quarter, compared to the consensus estimate of $22.30 million. Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. Equities research analysts expect that Markforged Holding Co. will post -2 EPS for the current year.

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.