Bayesian Capital Management LP lessened its stake in shares of Marqeta, Inc. (NASDAQ:MQ – Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,500 shares of the company’s stock after selling 13,900 shares during the period. Bayesian Capital Management LP’s holdings in Marqeta were worth $867,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Covestor Ltd grew its holdings in Marqeta by 17,340.0% during the 1st quarter. Covestor Ltd now owns 4,360 shares of the company’s stock worth $26,000 after acquiring an additional 4,335 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Marqeta by 7,852.8% during the first quarter. Russell Investments Group Ltd. now owns 10,100 shares of the company’s stock valued at $60,000 after purchasing an additional 9,973 shares in the last quarter. Empowered Funds LLC purchased a new position in Marqeta during the first quarter valued at approximately $65,000. SVB Wealth LLC purchased a new position in Marqeta during the fourth quarter valued at approximately $70,000. Finally, CreativeOne Wealth LLC bought a new position in Marqeta in the first quarter worth approximately $72,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.
Insiders Place Their Bets
In other news, Director Martha Cummings sold 40,241 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $5.47, for a total value of $220,118.27. Following the completion of the transaction, the director now owns 19,000 shares of the company’s stock, valued at approximately $103,930. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 12.12% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Marqeta
Marqeta Stock Up 2.8 %
Marqeta stock traded up $0.15 during trading hours on Tuesday, hitting $5.47. 4,336,709 shares of the stock traded hands, compared to its average volume of 4,928,546. Marqeta, Inc. has a 1 year low of $4.86 and a 1 year high of $7.36. The firm’s 50 day moving average price is $5.35 and its 200-day moving average price is $5.74.
Marqeta (NASDAQ:MQ – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. Marqeta had a negative net margin of 32.98% and a negative return on equity of 11.84%. The business had revenue of $117.90 million for the quarter, compared to the consensus estimate of $117.05 million. During the same period in the prior year, the firm earned ($0.13) EPS. The business’s revenue for the quarter was down 45.8% on a year-over-year basis. Equities analysts anticipate that Marqeta, Inc. will post 0.01 EPS for the current year.
About Marqeta
Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services. It offers its solutions in various verticals, including financial services, on-demand services, expense management, and e-commerce enablement, as well as buy now, pay later.
Recommended Stories
- Five stocks we like better than Marqeta
- Canada Bond Market Holiday: How to Invest and Trade
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- Financial Services Stocks Investing
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- What is Short Interest? How to Use It
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Want to see what other hedge funds are holding MQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marqeta, Inc. (NASDAQ:MQ – Free Report).
Receive News & Ratings for Marqeta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marqeta and related companies with MarketBeat.com's FREE daily email newsletter.