Algert Global LLC, an institutional investor, has decreased its stake in Marqeta, Inc. (NASDAQ:MQ) by 81.9% in the third quarter, selling 367,830 shares. The investor now owns 81,280 shares of Marqeta's stock, valued at $486,000 [4d46c946]. This decrease in stake indicates a potential shift in sentiment towards Marqeta's stock. Other hedge funds have also adjusted their positions in the company [4d46c946].
Marqeta's insider, Randall F. Kern, has sold 53,367 shares of the company's stock [4d46c946]. Several research analysts have recently commented on Marqeta, with Mizuho and Barclays increasing their price targets on the stock. Marqeta reported earnings per share of ($0.08) for the quarter, beating the consensus estimate of ($0.09). The company's revenue for the quarter was $118.82 million. Marqeta's stock has a 52-week low of $3.46 and a 52-week high of $7.36. The consensus rating for Marqeta is "Moderate Buy" with a price target of $7.53 [4d46c946].
Kent Lake Capital LLC, another institutional investor, has also made changes to its holdings. The firm reduced its stake in Quanterix Co. (NASDAQ:QTRX) by 52.8% during the fourth quarter, selling 211,151 shares. Kent Lake Capital LLC now owns 188,849 shares of Quanterix's stock, making it the 23rd largest holding for the firm. The stake reduction indicates a potential change in sentiment towards Quanterix's stock. Other hedge funds have also adjusted their positions in the company. US Bancorp DE raised its stake in Quanterix by 35.6% during the second quarter, while The Manufacturers Life Insurance Company raised its stake by 3.6% in the same quarter. Ameritas Investment Partners Inc. and Advisor Group Holdings Inc. also increased their stakes in Quanterix. Institutional investors and hedge funds now own 86.48% of Quanterix's stock [a6312ee4].
In a recent development, Kent Lake Capital LLC, an institutional investor, has purchased 300,000 shares of Silicom Ltd. (NASDAQ:SILC) valued at approximately $5,430,000. Silicom now comprises 2.1% of Kent Lake Capital LLC's investment portfolio. Other hedge funds have also made changes to their positions in the stock. Silicom's stock traded up $0.18 on Friday, hitting $15.20. The company reported ($1.76) earnings per share for the quarter. Several brokerages downgraded shares of Silicom from a "c-" rating to a "d" rating [da952dcd].