Capital International Investors acquired a new stake in shares of Xometry, Inc. (NASDAQ:XMTR – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 200,929 shares of the company’s stock, valued at approximately $11,949,000.
Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Xometry during the third quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the period. Leonteq Securities AG acquired a new position in Xometry during the fourth quarter valued at approximately $59,000. Comerica Bank grew its holdings in Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Xometry in the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 97.31% of the company’s stock.
Xometry Stock Performance
Shares of XMTR stock opened at $81.03 on Wednesday. The company’s fifty day simple moving average is $65.41 and its 200-day simple moving average is $59.17. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The firm has a market cap of $4.20 billion, a PE ratio of -79.44 and a beta of 1.27. Xometry, Inc. has a 12 month low of $29.60 and a 12 month high of $99.86.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on XMTR. Citizens Jmp lifted their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Finally, Zacks Research raised shares of Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.
Read Our Latest Stock Report on XMTR
Insiders Place Their Bets
In other news, insider Subir Dutt sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the sale, the insider owned 94,789 shares of the company’s stock, valued at $9,004,955. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James Miln sold 1,500 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $96.90, for a total transaction of $145,350.00. Following the completion of the sale, the chief financial officer directly owned 183,023 shares in the company, valued at approximately $17,734,928.70. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,943 shares of company stock valued at $5,989,621 over the last 90 days. 9.10% of the stock is currently owned by company insiders.
Xometry Company Profile
Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.
Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.
Recommended Stories
- Five stocks we like better than Xometry
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding XMTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xometry, Inc. (NASDAQ:XMTR – Free Report).
Receive News & Ratings for Xometry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xometry and related companies with MarketBeat.com's FREE daily email newsletter.
