SEC Form SC 13G filed by Marqeta Inc.

2/9/24 9:16:08 AM ET

Computer Software: Prepackaged Software

Technology

Get the next $MQ alert in real time by email

SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 MARQETA INC CLASS A COMMON STOCK Cusip #57142B104 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #57142B104 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 29,955,266 Item 6: 0 Item 7: 29,962,564 Item 8: 0 Item 9: 29,962,564 Item 11: 6.409% Item 12: HC Cusip #57142B104 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 29,962,564 Item 8: 0 Item 9: 29,962,564 Item 11: 6.409% Item 12: IN Item 1(a). Name of Issuer: MARQETA INC Item 1(b). Address of Issuer's Principal Executive Offices: 180 GRAND AVENUE, 6TH FLOOR OAKLAND, CA 94612 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 57142B104 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 29,962,564 (b) Percent of Class: 6.409% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 29,962,564 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of MARQETA INC. No one other person's interest in the CLASS A COMMON STOCK of MARQETA INC is more than five percent of the total outstanding CLASS A COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Diversifying Solutions LLC IA Fidelity Management & Research Company LLC * IA Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the CLASS A COMMON STOCK of MARQETA INC at December 29, 2023. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $MQ alert in real time by email

Recent Analyst Ratings for

$MQ

Date	Price Target	Rating	Analyst
11/5/2024		Buy → Neutral	Monness Crespi & Hardt
11/5/2024	$9.00 → $4.00	Buy → Hold	Deutsche Bank
11/5/2024		Overweight → Sector Weight	KeyBanc Capital Markets
11/5/2024		Outperform → Mkt Perform	William Blair
11/5/2024	$7.00 → $5.00	Overweight → Equal Weight	Wells Fargo
6/25/2024	$7.00	Equal Weight → Overweight	Wells Fargo
6/24/2024	$5.50	Neutral	Goldman
5/8/2024	$7.50 → $8.00	Buy	Monness Crespi & Hardt

More analyst ratings

SEC Form SC 13G filed by Marqeta Inc.

Chat with this insight

Recent Analyst Ratings for $MQ

$MQ Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Marqeta downgraded by Monness Crespi & Hardt

Marqeta downgraded by Deutsche Bank with a new price target

Marqeta downgraded by KeyBanc Capital Markets

$MQ Leadership Updates

Live Leadership Updates

$MQ SEC Filings

$MQ Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Marqeta Announces Fouzi Husaini as Company's Chief Artificial Intelligence Officer

Marqeta Announces Alan Carlisle As Chief Compliance Officer

Marqeta Appoints Cybersecurity Executive Heather Gantt-Evans As Chief Information Security Officer

Amendment: Marqeta Inc. filed SEC Form 8-K: Financial Statements and Exhibits, Leadership Update

SEC Form 10-Q filed by Marqeta Inc.

Marqeta Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Director Prasad Srikiran converted options into 15,903 shares, increasing direct ownership by 28% to 72,047 units (SEC Form 4)

Chief Financial Officer Milotich Michael converted options into 127,592 shares and covered exercise/tax liability with 64,665 shares, increasing direct ownership by 17% to 443,290 units (SEC Form 4)

Officer Sumner Crystal converted options into 64,178 shares and covered exercise/tax liability with 32,527 shares, increasing direct ownership by 32% to 129,477 units (SEC Form 4)

$MQ Press Releases

Fastest customizable press release news feed in the world

Marqeta Reports Third Quarter 2024 Financial Results

New Marqeta Research Finds Tremendous Opportunity for Credit Providers to Rethink Customer Loyalty

Marqeta Announces Marqeta Flex, An Industry-Leading, Buy Now, Pay Later Solution That Can Be Embedded Into Payment Apps

$MQ Financials

Live finance-specific insights

Marqeta Reports Third Quarter 2024 Financial Results

Marqeta to Announce Third Quarter 2024 Results on November 4, 2024

Marqeta Reports Second Quarter 2024 Financial Results

$MQ Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G/A filed by Marqeta Inc. (Amendment)

SEC Form SC 13G/A filed by Marqeta Inc. (Amendment)

SEC Form SC 13G/A filed by Marqeta Inc. (Amendment)

$MQ Market Insights

Live Market Insights

Keefe, Bruyette & Woods Maintains Market Perform on Marqeta, Lowers Price Target to $6

This Cloudflare Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday

Marqeta shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight.

Recent Analyst Ratings for
$MQ

$MQ
Analyst Ratings

$MQ
Leadership Updates

$MQ
SEC Filings

$MQ
Insider Trading

$MQ
Press Releases

$MQ
Financials

$MQ
Large Ownership Changes

$MQ
Market Insights