Key Points
- Director Elaine Paul sold 17,452 shares of Marqeta at an average price of $4.47 (totaling ~$78,010), cutting her stake by 50% to 17,453 shares; the sale was executed under a pre‑arranged Rule 10b5‑1 trading plan.
- Marqeta shares trade around $4.47 (52‑week range $3.70–$7.04) with a $1.91 billion market cap and a negative PE of -149, while the 50‑ and 200‑day moving averages sit near $4.07 and $4.46 respectively.
- Analysts have a consensus rating of "Reduce" with a $5.14 average price target, and institutional investors own about 78.6% of the stock after several funds substantially increased their positions.
Marqeta, Inc. (NASDAQ:MQ - Get Free Report) Director Elaine Paul sold 17,452 shares of Marqeta stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $4.47, for a total transaction of $78,010.44. Following the completion of the transaction, the director directly owned 17,453 shares of the company's stock, valued at $78,014.91. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marqeta Stock Performance
NASDAQ MQ opened at $4.47 on Thursday. Marqeta, Inc. has a one year low of $3.70 and a one year high of $7.04. The company has a 50-day simple moving average of $4.07 and a 200-day simple moving average of $4.46. The firm has a market capitalization of $1.91 billion, a PE ratio of -149.00 and a beta of 1.39.
Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.01. The business had revenue of $172.11 million during the quarter, compared to analyst estimates of $167.05 million. Marqeta had a negative net margin of 2.23% and a negative return on equity of 1.62%. The company's quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS. Equities analysts forecast that Marqeta, Inc. will post 0.01 earnings per share for the current year.
Institutional Investors Weigh In On Marqeta
Several large investors have recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Marqeta by 193.0% during the third quarter. Nordea Investment Management AB now owns 2,360,309 shares of the company's stock valued at $12,510,000 after purchasing an additional 1,554,741 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Marqeta by 2,582.3% during the third quarter. Principal Financial Group Inc. now owns 719,166 shares of the company's stock valued at $3,797,000 after purchasing an additional 692,354 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Marqeta by 1,078.8% during the third quarter. Tudor Investment Corp ET AL now owns 1,405,491 shares of the company's stock valued at $7,421,000 after purchasing an additional 1,286,258 shares in the last quarter. Abbington Investment Group bought a new stake in shares of Marqeta during the fourth quarter valued at about $1,939,000. Finally, SG Americas Securities LLC raised its stake in shares of Marqeta by 603.5% during the fourth quarter. SG Americas Securities LLC now owns 1,095,787 shares of the company's stock valued at $5,205,000 after purchasing an additional 940,022 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.
Analysts Set New Price Targets
MQ has been the subject of a number of recent research reports. Weiss Ratings restated a "sell (d)" rating on shares of Marqeta in a research note on Friday, March 27th. Mizuho restated a "neutral" rating and set a $4.50 price objective (down from $8.00) on shares of Marqeta in a research note on Thursday, January 8th. Wolfe Research downgraded Marqeta from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 8th. UBS Group lowered their price objective on Marqeta from $5.00 to $4.25 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Marqeta from $6.00 to $5.50 and set a "market perform" rating on the stock in a research note on Friday, January 2nd. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $5.14.
View Our Latest Analysis on MQ
Marqeta Company Profile
(
Get Free Report)
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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