Marqeta, Inc. (NASDAQ: MQ) reported a director sale in a recent Securities and Exchange Commission filing. According to the Form 4 disclosure, director Martha Cummings sold 2,853 shares on February 17, 2026, at prices ranging from $3.94 to $4.04 per share. The proceeds from the sale totaled approximately $11,410.
Following the transaction, Cummings' direct holdings in Marqeta stand at 38,969 shares. The companys share price was trading at $4.08 at the time of the report, modestly above the range at which Cummings sold. Separate InvestingPro analysis cited in the filing indicates Marqeta may be undervalued on a comparative basis, even as the stock has declined 34.85% over the past six months.
InvestingPro data referenced in the filing also points to active buyback activity by company management. That repurchase effort includes a newly announced program authorizing up to $100 million to repurchase Class A common stock, following the completion of the firm's prior buyback program. The juxtaposition of an insider sale with company-driven repurchases is a notable dynamic for investors monitoring internal capital allocation and share count trends.
Investors are also focused on near-term corporate reporting: Marqeta is scheduled to announce fourth-quarter results on February 24, 2026, six days after the disclosed insider sale. The company has indicated that volume trends for the quarter aligned with expectations, and that it saw growth in the buy now, pay later segment.
Leadership changes at Marqeta were recorded in the filing: Patti Kangwankij was appointed chief financial officer effective February 9, 2026, replacing Mike Milotich, who moved into the chief executive officer role in September 2025.
Analyst coverage of Marqeta shows divergent views. JPMorgan initiated coverage with an Overweight rating and a $6.00 price target. In contrast, Mizuho downgraded Marqeta to Neutral and trimmed its price target to $4.50, citing competition and client concentration risk related to diversification by a major client, Cash App. Wolfe Research also downgraded its view to Peerperform, calling out potential challenges tied to the transition of Cash App Card issuance to Bancorp and headwinds around contract renewals.
These developments - an insider sell, an active repurchase program, imminent earnings, and mixed analyst assessments - frame the current investor picture for Marqeta as it approaches its quarterly reporting date.