Marqeta’s Managing Director and Corporate Secretary Sumner Crystal sold 1,250 Class A common shares on September 1, 2026, at $16.27 per share for a total of $20,337, according to regulatory filings. The transaction reduced Crystal’s direct holdings to 147,481 shares.
The stock has declined 11.5% over the past year and was trading at $16.82 at the time of the sale. Marqeta’s market capitalization stands at $1.75 billion. InvestingPro analysis indicates the stock is currently undervalued, noting the company’s return to profitability in the trailing twelve months.
The executive’s sale follows Marqeta’s Q2 2026 financial results, which exceeded expectations. Revenue totaled $175.99 million, surpassing the $173 million projection, while earnings per share reached $0.07 compared with a market estimate of $0.0019. Total Payment Volume (TPV) grew 32% year-over-year to $120 billion, marking the fourth consecutive quarter of TPV growth above 30%. Credit operations, including buy-now-pay-later services, expanded 40% year-over-year, while expense management revenue climbed 50%.
In a separate development, Chief Accounting Officer Sarah Barkema announced her departure on August 21, 2026, with no disputes cited regarding the company’s financial practices. Marqeta intends to appoint a successor.
Morgan Stanley maintained an equal-weight rating on Marqeta with a price target of $20.
