Jane Street Group LLC Sells 218,038 Shares of Markforged Holding Co. (NYSE:MKFG)

Jane Street Group LLC trimmed its holdings in shares of Markforged Holding Co. (NYSE:MKFG) by 91.2% in the third quarter, Holdings Channel.com reports. The firm owned 21,120 shares of the company’s stock after selling 218,038 shares during the quarter. Jane Street Group LLC’s holdings in Markforged were worth $101,000 as of its most recent SEC filing.

Separately, Divisar Capital Management LLC increased its position in shares of Markforged by 7.7% during the second quarter. Divisar Capital Management LLC now owns 7,864,892 shares of the company’s stock worth $3,225,000 after acquiring an additional 561,304 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $5.00 price objective (down from $8.50) on shares of Markforged in a research report on Thursday, September 26th. Lake Street Capital reissued a “hold” rating on shares of Markforged in a research note on Thursday, September 26th.

Markforged Stock Up 2.4 %

NYSE:MKFG opened at $3.47 on Wednesday. The company has a market cap of $71.55 million, a P/E ratio of -0.80 and a beta of 1.51. Markforged Holding Co. has a twelve month low of $1.57 and a twelve month high of $8.80. The business has a 50 day moving average price of $3.81 and a two-hundred day moving average price of $3.69.

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.