CenterBook Partners LP Buys New Shares in Xometry, Inc. (NASDAQ:XMTR)

CenterBook Partners LP acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 99,232 shares of the company's stock, valued at approximately $4,233,000. CenterBook Partners LP owned 0.20% of Xometry at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in Xometry by 360.9% in the 3rd quarter. Barclays PLC now owns 68,951 shares of the company's stock worth $1,266,000 after acquiring an additional 53,991 shares during the period. Charles Schwab Investment Management Inc. increased its position in Xometry by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company's stock worth $6,519,000 after buying an additional 16,396 shares during the period. Centiva Capital LP acquired a new position in shares of Xometry during the third quarter worth approximately $341,000. State Street Corp grew its stake in shares of Xometry by 0.3% in the third quarter. State Street Corp now owns 887,139 shares of the company's stock worth $16,297,000 after acquiring an additional 3,027 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Xometry by 32.9% during the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock worth $731,000 after acquiring an additional 9,625 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Price Performance

Shares of Xometry stock traded up $0.13 during midday trading on Tuesday, reaching $21.62. The company had a trading volume of 136,281 shares, compared to its average volume of 605,210. The stock has a fifty day simple moving average of $27.37 and a 200 day simple moving average of $29.35. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. 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 company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -20.59 and a beta of 0.72.

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Insider Buying and Selling at Xometry

In other Xometry news, CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the sale, the chief executive officer now directly owns 256,570 shares in the company, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Emily Rollins sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the sale, the director now directly owns 16,146 shares in the company, valued at approximately $333,576.36. This represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,256 shares of company stock valued at $2,116,389. 16.79% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XMTR has been the topic of several research reports. Citigroup cut their price target on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Royal Bank of Canada lifted their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. UBS Group increased their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. JMP Securities reissued a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded shares of Xometry from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.11.

Xometry Company Profile

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.