Markforged (NYSE:MKFG) Trading Down 1.5% – Time to Sell?

Markforged Holding Co. (NYSE:MKFG) shares were down 1.5% during mid-day trading on Friday . The company traded as low as $2.95 and last traded at $3.01. Approximately 23,216 shares were traded during trading, a decline of 62% from the average daily volume of 61,727 shares. The stock had previously closed at $3.05.

Markforged Stock Performance

The company’s 50 day moving average is $3.32 and its two-hundred day moving average is $3.49.

Hedge Funds Weigh In On Markforged

Several institutional investors have recently added to or reduced their stakes in MKFG. Northern Trust Corp grew its holdings in shares of Markforged by 19.9% in the fourth quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock valued at $85,000 after purchasing an additional 4,511 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Markforged by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 125,777 shares of the company’s stock worth $395,000 after buying an additional 11,099 shares in the last quarter. Renaissance Technologies LLC grew its position in Markforged by 104.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock worth $137,000 after acquiring an additional 22,300 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Markforged by 336.2% in the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock worth $103,000 after purchasing an additional 25,228 shares during the period. Finally, Virtu Financial LLC purchased a new position in Markforged during the fourth quarter worth $116,000. Hedge funds and other institutional investors own 87.30% of the company’s stock.

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.