Marqeta is number 7 in 2021 CNBC Top 50 disruptor...

Marqeta is number 7 in 2021 CNBC Top 50 disruptor companies.
https://www.cnbc.com/2021/05/25/these-are-the-2021-cnbc-disruptor-50-companies.html

George Soros is heavily invested in Marqeta holding $112.28M USD.
https://finance.yahoo.com/news/george-soros-stock-portfolio-top-072941640.html

Marqeta, Inc. (NASDAQ:MQ)

George Soros' Stake Value: $112,280,000

Percentage of George Soros' 13F Portfolio: 1.89%

Number of Hedge Fund Holders: 35

Marqeta, Inc. (NASDAQ:MQ) operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. The company was incorporated in 2010 and is headquartered in Oakland, California.

This August, Truist analyst Andrew Jeffrey initiated coverage of Marqeta, Inc. (NASDAQ:MQ) with a Buy rating and $37 price target.

According to the latest 13F filings, George Soros holds stakes worth $112.2 million in Marqeta, Inc. (NASDAQ:MQ), which represents 1.89% of his 13F portfolio.

As of the second quarter of 2021, Marqeta, Inc. (NASDAQ:MQ) reported earnings per share of -$0.05, beating estimates by $0.03, and generated revenues of $122.27 million, beating estimates by 16.94 million.

By the end of the second quarter of 2021, 35 hedge funds out of the 873 tracked by Insider Monkey held stakes in Marqeta, Inc. (NASDAQ:MQ) worth roughly $1.06 billion.

Marqeta, Inc. (NASDAQ:MQ) contributes significantly to Mr. George Soros' investment portfolio. Other notable contributors include Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG), and Liberty Broadband Corporation (NASDAQ:LBRDA).

Baron Funds mentioned Marqeta, Inc. (NASDAQ:MQ) in its second-quarter 2021 investor letter. Here's their stance on Marqeta, Inc. (NASDAQ:MQ):

“We participated in the IPO of Marqeta, Inc., a modern card-issuing platform that enables companies to run their own payment card programs. Marqeta is built on modern technology and can be accessed with open APIs that are easy to use and developer-friendly, resulting in most of its clients coming from word-of-mouth referrals instead of outbound sales. The modern technology stack allows for the programmability of cards, enabling companies to authorize transactions in real time and control how the cards are used. This programmable nature means that cards can be used in a range of use cases for which traditional cards are not suitable. Examples include cards with spending controls for different employees and purchase categories as well as cards for food delivery companies that restrict spending only to authorized purchases to reduce fraud. While there are other card issuers, none can provide the level of functionality at large scale that Marqeta can. Marqeta generates revenue from the interchange fees earned on transactions that are processed on its cards. It shares a portion of this with its customers, meaning that card solutions become a revenue stream rather than a cost center. Many of the company’s clients are fast growing, and Marqeta continues to innovate the features on its platform, which in turn give its clients more tools with which to develop new card payment products and experiences. Given a largely fixed cost structure, Marqeta earns high incremental margins on each dollar spent on its cards. Led by founder-CEO Jason Gardner, we believe that Marqeta is a high-quality, differentiated business in the FinTech space with a long runway for growth.”