Penserra Capital Management LLC Sells 87,008 Shares of Marqeta, Inc. $MQ

Penserra Capital Management LLC lessened its holdings in Marqeta, Inc. (NASDAQ:MQ) by 13.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 571,356 shares of the company’s stock after selling 87,008 shares during the quarter. Penserra Capital Management LLC owned 0.12% of Marqeta worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cornerstone Investment Partners LLC purchased a new position in shares of Marqeta in the 2nd quarter worth about $162,000. Atria Investments Inc raised its position in Marqeta by 18.0% in the second quarter. Atria Investments Inc now owns 54,796 shares of the company’s stock worth $319,000 after acquiring an additional 8,374 shares during the period. Teacher Retirement System of Texas boosted its stake in Marqeta by 75.5% in the second quarter. Teacher Retirement System of Texas now owns 107,262 shares of the company’s stock valued at $625,000 after acquiring an additional 46,131 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Marqeta by 61.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,787 shares of the company’s stock valued at $57,000 after acquiring an additional 3,737 shares during the period. Finally, Cardinal Point Capital Management ULC bought a new position in shares of Marqeta during the 2nd quarter valued at approximately $186,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MQ has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Marqeta in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Marqeta from $6.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Zacks Research raised Marqeta from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods cut their price target on Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Finally, Citigroup raised Marqeta to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Marqeta has an average rating of “Hold” and an average target price of $5.50.

Marqeta Price Performance

NASDAQ:MQ opened at $4.63 on Monday. The company has a market cap of $2.08 billion, a P/E ratio of -57.88 and a beta of 1.49. The stock’s fifty day moving average price is $5.22 and its two-hundred day moving average price is $5.40. Marqeta, Inc. has a 1 year low of $3.47 and a 1 year high of $7.04.

Marqeta (NASDAQ:MQ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $163.31 million during the quarter, compared to analysts’ expectations of $148.37 million. Marqeta had a negative return on equity of 4.22% and a negative net margin of 6.74%.The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share. Marqeta has set its Q4 2025 guidance at EPS. On average, analysts expect that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at Marqeta

In other news, Director Jason M. Gardner sold 31,627 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $6.26, for a total transaction of $197,985.02. Following the sale, the director directly owned 15,367,373 shares in the company, valued at $96,199,754.98. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Todd Pollak sold 116,493 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $6.19, for a total transaction of $721,091.67. Following the completion of the transaction, the executive owned 364,525 shares of the company’s stock, valued at $2,256,409.75. This trade represents a 24.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 12.61% of the stock is owned by insiders.

Marqeta Profile

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.