Charles Schwab Investment Management Inc. Buys 11,307 Shares of Xometry, Inc. (NASDAQ:XMTR)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,156 shares of the company's stock after buying an additional 11,307 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.74% of Xometry worth $15,620,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in Xometry during the 4th quarter worth $27,000. SBI Securities Co. Ltd. acquired a new stake in Xometry in the fourth quarter worth about $73,000. Intech Investment Management LLC bought a new position in Xometry in the 3rd quarter valued at about $205,000. Truist Financial Corp acquired a new position in Xometry during the 4th quarter valued at about $225,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Xometry during the 4th quarter worth about $246,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on XMTR. Wedbush reaffirmed an "outperform" rating and set a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. JMP Securities reaffirmed a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Xometry from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group raised their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald boosted their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.11.

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Xometry Stock Up 5.8 %

NASDAQ:XMTR traded up $1.50 during trading hours on Monday, hitting $27.22. 537,121 shares of the company's stock traded hands, compared to its average volume of 598,022. The stock's fifty day moving average price is $31.23 and its two-hundred day moving average price is $28.83. The firm has a market cap of $1.37 billion, a P/E ratio of -25.92 and a beta of 0.69. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $45.33.

Insider Buying and Selling at Xometry

In other news, COO Peter Goguen sold 940 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the transaction, the chief operating officer now directly owns 167,993 shares of the company's stock, valued at approximately $7,116,183.48. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Randolph Altschuler sold 27,566 shares of Xometry 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 of the company's stock, valued at approximately $6,824,762. The trade was a 9.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,965 shares of company stock valued at $2,050,643 in the last 90 days. 16.79% of the stock is currently owned by corporate insiders.

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.