Geode Capital Management LLC Has $547,000 Stake in Markforged Holding Co. (NYSE:MKFG)

Geode Capital Management LLC decreased its holdings in Markforged Holding Co. (NYSE:MKFG) by 89.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,678 shares of the company’s stock after selling 1,017,353 shares during the quarter. Geode Capital Management LLC owned 0.56% of Markforged worth $547,000 at the end of the most recent reporting period.

Separately, Divisar Capital Management LLC raised its stake in Markforged by 7.7% in the 2nd quarter. Divisar Capital Management LLC now owns 7,864,892 shares of the company’s stock worth $3,225,000 after purchasing an additional 561,304 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.

Markforged Trading Down 2.1 %

Shares of Markforged stock opened at $3.31 on Friday. The company has a 50 day moving average of $3.85 and a 200-day moving average of $3.70. Markforged Holding Co. has a 1-year low of $1.57 and a 1-year high of $8.80. The company has a market cap of $68.25 million, a PE ratio of -0.76 and a beta of 1.51.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Lake Street Capital reiterated a “hold” rating on shares of Markforged in a research note on Thursday, September 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $5.00 target price (down from $8.50) on shares of Markforged in a research report on Thursday, September 26th.

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.