Centiva Capital LP purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,552 shares of the company's stock, valued at approximately $341,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fred Alger Management LLC grew its position in shares of Xometry by 20.8% in the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company's stock valued at $33,354,000 after purchasing an additional 312,971 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Xometry during the third quarter valued at about $383,000. FMR LLC lifted its holdings in shares of Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company's stock worth $74,921,000 after buying an additional 1,169,778 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Xometry by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company's stock valued at $6,519,000 after acquiring an additional 16,396 shares during the period. Finally, Primecap Management Co. CA boosted its position in shares of Xometry by 1.7% in the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company's stock valued at $127,088,000 after acquiring an additional 113,264 shares during the period. Institutional investors own 97.31% of the company's stock.
Wall Street Analysts Forecast Growth
XMTR has been the topic of several recent analyst reports. Craig Hallum increased their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Citigroup increased their price objective on Xometry from $25.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Xometry from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. UBS Group upped their target price on Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald reiterated an "underweight" rating and set a $12.00 price target on shares of Xometry in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Xometry has an average rating of "Hold" and an average price target of $27.71.
Check Out Our Latest Research Report on XMTR
Insiders Place Their Bets
In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Peter Goguen sold 12,000 shares of Xometry stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $29.55, for a total value of $354,600.00. Following the completion of the transaction, the chief operating officer now owns 180,419 shares in the company, valued at approximately $5,331,381.45. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,633 shares of company stock valued at $1,201,730 over the last quarter. 16.79% of the stock is owned by corporate insiders.
Xometry Price Performance
Shares of XMTR traded up $1.87 during midday trading on Wednesday, reaching $34.77. The stock had a trading volume of 576,447 shares, compared to its average volume of 593,806. 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 $1.72 billion, a price-to-earnings ratio of -33.11 and a beta of 0.83. The company's 50-day moving average is $25.72 and its 200 day moving average is $19.21. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $38.74.
Xometry Company 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.
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