Geode Capital Management LLC Sells 1,017,353 Shares of Markforged Holding Co. (NYSE:MKFG)

Geode Capital Management LLC decreased its stake in Markforged Holding Co. (NYSE:MKFG) by 89.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,678 shares of the company’s stock after selling 1,017,353 shares during the period. Geode Capital Management LLC’s holdings in Markforged were worth $547,000 at the end of the most recent quarter.

Separately, Divisar Capital Management LLC lifted 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 valued at $3,225,000 after purchasing an additional 561,304 shares during the last quarter. Institutional investors own 87.30% of the company’s stock.

Markforged Stock Performance

Shares of NYSE MKFG opened at $3.31 on Friday. Markforged Holding Co. has a 52-week low of $1.57 and a 52-week high of $8.80. The firm has a 50 day moving average price of $3.85 and a two-hundred day moving average price of $3.70. The stock has a market cap of $68.25 million, a P/E ratio of -0.76 and a beta of 1.51.

Analyst Upgrades and Downgrades

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

Markforged Company 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.