Xometry, Inc. (NASDAQ:XMTR) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lowered its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 36.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,478 shares of the company's stock after selling 102,656 shares during the quarter. ARK Investment Management LLC owned 0.37% of Xometry worth $7,742,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Xometry during the fourth quarter valued at approximately $27,000. Truist Financial Corp purchased a new position in shares of Xometry in the fourth quarter worth $225,000. US Bancorp DE lifted its holdings in shares of Xometry by 57.7% in the third quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after buying an additional 2,037 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Xometry in the fourth quarter worth $274,000. Finally, Palumbo Wealth Management LLC purchased a new position in shares of Xometry in the third quarter worth $191,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XMTR shares. JMP Securities reaffirmed a "market outperform" rating and set a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. Cantor Fitzgerald upped their price target on shares of Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Xometry from a "neutral" rating to an "overweight" rating and upped their price target for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.11.

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Xometry Trading Down 0.1 %

Shares of NASDAQ XMTR traded down $0.03 during mid-day trading on Friday, reaching $27.32. The company had a trading volume of 1,065,206 shares, compared to its average volume of 680,008. The business's 50-day moving average is $36.13 and its 200-day moving average is $28.08. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -26.02 and a beta of 0.65. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33.

Insider Transactions at Xometry

In other Xometry news, COO Peter Goguen sold 3,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00. Following the completion of the sale, the chief operating officer now directly owns 161,993 shares of the company's stock, valued at approximately $5,762,091.01. This represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James Miln sold 5,386 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now directly owns 102,329 shares of the company's stock, valued at approximately $4,331,586.57. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,312 shares of company stock worth $517,537. Insiders own 16.79% of the company's stock.

About Xometry

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.