Sumner Crystal, Chief Administrative Officer and Corporate Secretary of payments platform Marqeta Inc., sold 1,250 shares of Class A common stock on September 1, 2026, for a total of $20,337 at $16.27 per share.
Crystal’s post-transaction direct ownership of Marqeta stock stands at 147,481 shares. The transaction follows a 11.5% year-to-date decline in Marqeta’s share price, which closed at $16.82 on the same day.
Marqeta reported Q2 2026 earnings that exceeded analyst expectations. Profit per share reached $0.07, surpassing Wall Street’s forecast of $0.0019. Revenue totaled $175.99 million, above the projected $173 million. Total payment volume rose 32% year-over-year to $120 billion, marking the fourth consecutive quarter of growth exceeding 30%. Lending activity, including buy now, pay later services, increased 40% year-over-year, while expense management costs climbed 50%.
Separately, Chief Accounting Officer Sarah Barkema resigned effective August 21, 2026, with no cited disagreements over financial practices. Marqeta indicated it would commence a search for a successor. Morgan Stanley maintained an Equal-weight rating on Marqeta with a price target of $20.
