Marqeta, Inc. (NASDAQ:MQ – Get Free Report) Director Elaine Paul sold 18,148 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $3.80, for a total value of $68,962.40. Following the completion of the sale, the director owned 35,602 shares in the company, valued at approximately $135,287.60. The trade was a 33.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Elaine Paul also recently made the following trade(s):
- On Tuesday, April 21st, Elaine Paul sold 17,452 shares of Marqeta stock. The stock was sold at an average price of $4.47, for a total value of $78,010.44.
Marqeta Stock Performance
Shares of NASDAQ MQ remained flat at $3.89 during midday trading on Tuesday. The stock had a trading volume of 4,706,390 shares, compared to its average volume of 3,972,803. The business’s 50-day moving average price is $4.07 and its 200 day moving average price is $4.28. Marqeta, Inc. has a 12-month low of $3.70 and a 12-month high of $7.04. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 389.39 and a beta of 1.32.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Marqeta in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $6.00 price objective on the stock. UBS Group increased their price objective on Marqeta from $4.25 to $4.75 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Morgan Stanley dropped their price objective on Marqeta from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Marqeta in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.22.
Read Our Latest Research Report on Marqeta
Institutional Trading of Marqeta
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL boosted its position in Marqeta by 1,078.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,405,491 shares of the company’s stock valued at $7,421,000 after acquiring an additional 1,286,258 shares in the last quarter. Principal Financial Group Inc. boosted its position in Marqeta by 2,582.3% during the 3rd quarter. Principal Financial Group Inc. now owns 719,166 shares of the company’s stock valued at $3,797,000 after acquiring an additional 692,354 shares in the last quarter. Abbington Investment Group bought a new stake in Marqeta during the 4th quarter valued at $1,939,000. SG Americas Securities LLC boosted its position in Marqeta by 603.5% during the 4th quarter. SG Americas Securities LLC now owns 1,095,787 shares of the company’s stock valued at $5,205,000 after acquiring an additional 940,022 shares in the last quarter. Finally, Donor Advised Charitable Giving Inc. bought a new stake in Marqeta during the 4th quarter valued at $1,257,000. Institutional investors own 78.64% of the company’s stock.
About Marqeta
Marqeta is a modern card issuing and payment processing platform that enables businesses to design, launch and manage customized payment cards. The company offers a fully programmable open API that allows clients to create virtual, physical and tokenized payment cards with real-time transaction controls and dynamic spend limits. By leveraging Marqeta’s infrastructure, companies can streamline their payment operations, reduce time to market and deliver tailored payment experiences to end consumers.
Founded in 2010 and headquartered in Oakland, California, Marqeta was established by CEO Jason Gardner with the goal of transforming traditional card issuance through cloud-native technology.
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