In this article, we discuss the 5 tech stocks billionaire Richard Chilton is selling. If you want to read our analysis of Chilton’s investment philosophy, go directly to Billionaire Richard Chilton is Selling These 10 Tech Stocks.
5. Markforged Holding Corporation (NYSE:MKFG)
Number of Hedge Fund Holders: 22
Markforged Holding Corporation (NYSE:MKFG) is a Watertown, Massachusetts-based firm that produces 3D printers, software, and related materials. It specializes in the provision of industrial additive manufacturing platforms.
Richard Chilton sold off his entire stake in Markforged Holding Corporation (NYSE:MKFG), worth $332 million, during Q1 2022.
On June 10, Jared Maymon at Berenberg started coverage on Markforged Holding Corporation (NYSE:MKFG) with a price target of $35 and a Buy rating. The analyst believes that Markforged Holding Corporation’s (NYSE:MKFG) intellectual property and administrative policies differentiate it from its competitors in the industry. Maymon thinks the company has successfully developed a sustainable “gross-margin profile.”
Here’s what Baron Funds said about Markforged Holding Corporation (NYSE:MKFG) in its Q3 2021 investor letter:
“During the quarter, we participated in the SPAC offering of Markforged Holding Corporation, an innovative 3D printing or additive manufacturing company. The stock traded down materially after the SPAC deal closed and we ultimately decided to sell some of our Markforged shares to harvest a short-term tax loss and provide capital for an investment in another 3D printing company.”
Markforged Holding Corporation (NYSE:MKFG) was held by 22 hedge funds as of Q1 2022.