FMR LLC boosted its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 40.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,078,462 shares of the company's stock after acquiring an additional 1,169,778 shares during the quarter. FMR LLC owned 8.27% of Xometry worth $74,921,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Sylebra Capital LLC increased its stake in shares of Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company's stock valued at $17,441,000 after buying an additional 864,454 shares in the last quarter. Bellecapital International Ltd. acquired a new stake in shares of Xometry in the second quarter valued at $6,281,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Xometry in the second quarter valued at $2,013,000. Squarepoint Ops LLC increased its stake in shares of Xometry by 227.7% in the second quarter. Squarepoint Ops LLC now owns 249,025 shares of the company's stock valued at $2,879,000 after buying an additional 173,042 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Xometry by 44.9% in the second quarter. Dimensional Fund Advisors LP now owns 493,847 shares of the company's stock valued at $5,712,000 after buying an additional 153,107 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, COO Peter Goguen sold 5,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 175,419 shares of the company's stock, valued at approximately $5,613,408. This represents a 2.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Matthew Leibel sold 16,564 shares of Xometry stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total value of $498,245.12. Following the completion of the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at $2,341,908.48. This represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,633 shares of company stock worth $1,201,730. Company insiders own 16.79% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on XMTR. Craig Hallum raised their target price on Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. UBS Group raised their target price on Xometry from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on Xometry from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an "underweight" rating and issued a $12.00 price objective on shares of Xometry in a research report on Wednesday, November 6th. Finally, JMP Securities lifted their price objective on Xometry from $34.00 to $42.00 and gave the stock a "market outperform" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Xometry currently has a consensus rating of "Hold" and a consensus price target of $27.71.
Read Our Latest Stock Analysis on XMTR
Xometry Trading Up 1.6 %
Shares of NASDAQ:XMTR traded up $0.50 during mid-day trading on Friday, reaching $32.02. The stock had a trading volume of 297,335 shares, compared to its average volume of 594,148. The firm has a 50 day simple moving average of $24.52 and a two-hundred day simple moving average of $18.70. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $38.74. The firm has a market cap of $1.59 billion, a PE ratio of -30.02 and a beta of 0.83. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.
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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