Primecap Management Co. CA Sells 416,290 Shares of Xometry, Inc. (NASDAQ:XMTR)

Primecap Management Co. CA decreased its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,501,962 shares of the company's stock after selling 416,290 shares during the period. Primecap Management Co. CA owned approximately 13.12% of Xometry worth $277,374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XMTR. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Xometry during the third quarter valued at approximately $355,000. Intech Investment Management LLC bought a new position in Xometry during the 3rd quarter valued at $205,000. Charles Schwab Investment Management Inc. increased its position in shares of Xometry by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company's stock valued at $6,519,000 after purchasing an additional 16,396 shares during the period. FMR LLC raised its stake in shares of Xometry by 40.2% in the 3rd 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. Finally, Verition Fund Management LLC bought a new stake in shares of Xometry in the 3rd quarter worth $383,000. 97.31% of the stock is currently owned by institutional investors.

Xometry Stock Up 0.4 %

Shares of Xometry stock traded up $0.09 during midday trading on Friday, hitting $25.72. The company's stock had a trading volume of 973,625 shares, compared to its average volume of 598,497. Xometry, Inc. has a 1-year low of $11.08 and a 1-year 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 firm has a market capitalization of $1.29 billion, a P/E ratio of -24.50 and a beta of 0.69. The stock has a 50-day simple moving average of $31.39 and a 200-day simple moving average of $28.64.

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Insiders Place Their Bets

In other Xometry news, CFO James Miln sold 5,386 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the sale, the chief financial officer now owns 102,329 shares in the company, valued at $4,331,586.57. This represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Peter Goguen sold 940 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the transaction, the chief operating officer now owns 167,993 shares in the company, valued at approximately $7,116,183.48. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,965 shares of company stock worth $2,050,643. 16.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XMTR shares. Royal Bank of Canada raised their target price on Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. UBS Group lifted their price objective on shares of Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. JMP Securities reissued 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 lifted their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. Finally, Wedbush reiterated an "outperform" rating and set a $48.00 price objective on shares of Xometry in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $36.11.

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.