Next Century Growth Investors LLC bought a new stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 225,899 shares of the company's stock, valued at approximately $9,637,000. Next Century Growth Investors LLC owned 0.46% of Xometry at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Xometry in the 4th quarter worth $27,000. Arizona State Retirement System increased its position in shares of Xometry by 7.9% during the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock worth $520,000 after acquiring an additional 891 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Xometry in the fourth quarter worth about $73,000. Allspring Global Investments Holdings LLC boosted its holdings in Xometry by 1.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock valued at $9,120,000 after purchasing an additional 2,375 shares during the last quarter. Finally, State Street Corp boosted its holdings in Xometry by 0.3% in the third quarter. State Street Corp now owns 887,139 shares of the company's stock valued at $16,297,000 after purchasing an additional 3,027 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CFO James Miln sold 7,235 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.61, for a total value of $192,523.35. Following the sale, the chief financial officer now directly owns 131,090 shares in the company, valued at $3,488,304.90. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the transaction, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. This trade represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,256 shares of company stock valued at $2,116,389. Insiders own 16.79% of the company's stock.
Xometry Stock Performance
XMTR stock traded up $0.02 during midday trading on Tuesday, reaching $21.51. The company had a trading volume of 458,137 shares, compared to its average volume of 606,603. The firm has a market capitalization of $1.08 billion, a PE ratio of -20.49 and a beta of 0.72. The stock has a 50 day moving average price of $27.07 and a 200 day moving average price of $29.30. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on XMTR shares. Wedbush reaffirmed an "outperform" rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. Cantor Fitzgerald increased their price objective on shares of Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada upped their target price on shares of Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised Xometry from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.11.
Check Out Our Latest Research Report on Xometry
Xometry Profile
(
Free Report)
Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.
Further Reading
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