Marqeta, Inc. (NASDAQ:MQ) disclosed that Sumner Crystal, the company's Chief Administrative Officer and Corporate Secretary, sold shares of Class A Common Stock on September 15, 2026. The open-market transaction covered 1,250 shares at a price of $16.39 apiece, for a total value of $20,487.
Following the sale, Crystal directly holds 168,895 shares of Marqeta Class A Common Stock. The disclosure did not indicate any change in Crystal's role or responsibilities at the company.
Marqeta's stock was recently quoted at $18.23, which is above the $16.39 sale price. The shares carry a price-to-earnings ratio of 15.14. The article did not specify the trading date for the current quote or the period over which the P/E ratio is calculated.
The sale comes alongside a mixed set of operating and market signals for the card-issuing platform. In its most recent quarterly report, Marqeta posted adjusted earnings of $1.09 per share, well above the consensus estimate of $0.06. Revenue for the quarter was $176.17 million, slightly ahead of the $175.99 million forecast. Total payment volume rose 29% from the prior-year period, and the company said it reached an annualized run rate of more than $500 billion for the first time.
At the same time, Marqeta provided a softer near-term revenue outlook. Susquehanna responded by lowering its price target on the stock to $25 from $28 while keeping a Positive rating. The firm attributed the adjustment to a decline in the take rate. Marqeta also reported adjusted EBITDA growth of 28%, with the margin reaching a record 22%.
The article did not specify whether the sale was conducted under a pre-arranged trading plan or provide a reason for the transaction. It also did not disclose Crystal's remaining indirect holdings, if any, or the total number of Marqeta shares outstanding.
For investors tracking insider activity, the disclosure offers a data point on executive-level selling at Marqeta. The sale represents a fraction of Crystal's direct stake, leaving the vast majority of the reported holdings intact. The article did not include any statement from Crystal or the company regarding the transaction.
The broader context includes the company's third-quarter performance, which beat on both earnings and revenue, and the softer revenue outlook that followed. The stock's current price of $18.23 is above the sale price of $16.39, and the P/E ratio of 15.14 is presented without further comparison to peers or historical averages.
Marqeta's business centers on card issuing, and its total payment volume metric is a key indicator of platform activity. The 29% year-over-year increase and the $500 billion annualized run rate were highlighted in the article as notable milestones. The take-rate decline cited by Susquehanna is a factor that can affect revenue growth relative to payment volume.
The article did not provide a date for the third-quarter results, the current stock quote, or the Susquehanna price target change. It also did not specify the exchange on which the shares were sold or the nature of the sale beyond the stated price and share count.
Insider sales are typically reported to regulators and disclosed publicly, and this transaction was presented as a sale of Class A Common Stock. The article did not indicate whether the shares were sold in a single transaction or multiple trades, or whether the sale was part of a broader trading strategy.
Marqeta's Class A Common Stock trades on the NASDAQ under the ticker MQ. The article did not mention any other securities of the company or any derivative transactions.
The disclosure of the sale is one of several recent news items concerning Marqeta. The article also referenced the company's third-quarter results, the softer revenue outlook, the Susquehanna price target adjustment, and the adjusted EBITDA growth and margin. No additional insider transactions were described.