What Happened?
Shares of payment technology company Marqeta (NASDAQ: MQ) fell 2.4% in the afternoon session after a recent regulatory filing revealed that a major insider sold a significant number of shares.
The Form 4 filing with the SEC showed that Jason M. Gardner, a Director and 10% owner, sold 218,509 shares for a total of $1,092,774. Large stock sales by high-level insiders can raise concerns among investors. Such moves are sometimes interpreted as a sign that a key executive may have less confidence in the company's short-term prospects, which can lead to selling pressure from the broader market.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Marqeta? Access our full analysis report here.
What Is The Market Telling Us
Marqeta’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 14 days ago when the stock gained 3.6% on the news that the company provided an optimistic business outlook at a conference and announced a new $100 million share buyback program.
During a presentation at Citi's FinTech Conference, Marqeta's management shared that the company expected its Adjusted EBITDA to more than triple year-over-year to over $100 million. The company also projected it would achieve GAAP profitability by 2026, noting its growth in Europe remained strong. In a separate announcement, Marqeta's board of directors approved the new share repurchase plan, authorizing the buyback of up to $100 million of its Class A common stock. This program was distinct from a prior share repurchase plan that had been fully completed.
Marqeta is up 33.6% since the beginning of the year, but at $4.99 per share, it is still trading 27% below its 52-week high of $6.83 from August 2025. Investors who bought $1,000 worth of Marqeta’s shares at the IPO in June 2021 would now be looking at an investment worth $163.34.
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