Clearbridge Investments LLC lessened its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,177,415 shares of the company's stock after selling 65,598 shares during the quarter. Clearbridge Investments LLC owned approximately 2.38% of Xometry worth $50,229,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Xometry in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in shares of Xometry during the fourth quarter worth approximately $73,000. Intech Investment Management LLC acquired a new stake in Xometry during the 3rd quarter worth approximately $205,000. Victory Capital Management Inc. acquired a new stake in Xometry during the 4th quarter worth approximately $219,000. Finally, AssuredPartners Investment Advisors LLC acquired a new position in Xometry in the 4th quarter valued at $221,000. Institutional investors and hedge funds own 97.31% of the company's stock.
Insider Activity at Xometry
In related news, CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 256,570 shares of the company's stock, valued at $6,824,762. This represents a 9.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Miln sold 7,235 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35. Following the completion of the sale, the chief financial officer now owns 131,090 shares in the company, valued at $3,488,304.90. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,256 shares of company stock valued at $2,075,069 over the last ninety days. 16.79% of the stock is owned by corporate insiders.
Xometry Price Performance
NASDAQ XMTR traded down $1.68 on Friday, hitting $19.98. 1,095,542 shares of the company's stock were exchanged, compared to its average volume of 608,462. The stock has a 50-day moving average of $29.56 and a 200-day moving average of $29.23. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -19.03 and a beta of 0.72. Xometry, Inc. has a 52 week low of $11.08 and a 52 week 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.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on XMTR. Cantor Fitzgerald lifted their target price on Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and issued a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. Royal Bank of Canada increased their target price on shares of Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. JMP Securities reiterated a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised Xometry from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Xometry currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.11.
Get Our Latest Stock 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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