Markforged Holding Co. (NYSE:MKFG) Holdings Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in Markforged Holding Co. (NYSE:MKFG) by 182.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,618 shares of the company’s stock after purchasing an additional 24,309 shares during the quarter. Squarepoint Ops LLC owned 0.18% of Markforged worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MKFG. Northern Trust Corp increased its position in Markforged by 19.9% in the 4th quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock worth $85,000 after buying an additional 4,511 shares during the period. Wolverine Asset Management LLC boosted 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 worth $103,000 after purchasing an additional 25,228 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Markforged during the fourth quarter valued at $116,000. Renaissance Technologies LLC lifted its stake in shares of Markforged by 104.5% during the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock valued at $137,000 after acquiring an additional 22,300 shares during the period. Finally, Credit Industriel ET Commercial bought a new stake in shares of Markforged in the 4th quarter valued at about $344,000. 87.30% of the stock is currently owned by institutional investors and hedge funds.

Markforged Stock Performance

NYSE:MKFG opened at $4.60 on Tuesday. The stock has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $3.76. The company has a market cap of $95.44 million, a PE ratio of -1.06 and a beta of 0.92. Markforged Holding Co. has a 52-week low of $1.57 and a 52-week high of $5.50.

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

About Markforged

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.