Legato Capital Management LLC Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Legato Capital Management LLC purchased a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,490 shares of the company's stock, valued at approximately $1,599,000. Legato Capital Management LLC owned approximately 0.08% of Xometry at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Xometry by 360.9% during the 3rd quarter. Barclays PLC now owns 68,951 shares of the company's stock worth $1,266,000 after buying an additional 53,991 shares during the last quarter. Weiss Asset Management LP purchased a new position in Xometry during the 3rd quarter worth $1,586,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Xometry during the 3rd quarter worth $355,000. Versor Investments LP purchased a new position in Xometry during the 3rd quarter worth $411,000. Finally, Primecap Management Co. CA grew its stake in Xometry by 1.7% during the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company's stock worth $127,088,000 after buying an additional 113,264 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XMTR. Cantor Fitzgerald restated an "underweight" rating and set a $12.00 target price on shares of Xometry in a research note 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 note on Wednesday, November 6th. Craig Hallum boosted their price target on Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upgraded Xometry from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Finally, Citigroup boosted their price target on Xometry from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Insider Transactions at Xometry

In related news, COO Peter Goguen sold 986 shares of the company's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $40.08, for a total value of $39,518.88. Following the completion of the transaction, the chief operating officer now owns 168,933 shares of the company's stock, valued at approximately $6,770,834.64. This represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James Miln sold 5,386 shares of the company's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now directly owns 102,329 shares of the company's stock, valued at $4,331,586.57. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,312 shares of company stock worth $517,537 over the last quarter. 16.79% of the stock is currently owned by insiders.

Xometry Stock Performance

Shares of XMTR traded down $0.93 during mid-day trading on Friday, reaching $37.45. The company had a trading volume of 329,728 shares, compared to its average volume of 617,744. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.86 billion, a P/E ratio of -35.67 and a beta of 0.65. The stock has a 50 day moving average of $36.89 and a two-hundred day moving average of $26.82.

Xometry 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.