Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Vitruvian Partners LLP

Vitruvian Partners LLP lowered its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,285 shares of the company's stock after selling 93,200 shares during the period. Xometry makes up about 9.8% of Vitruvian Partners LLP's investment portfolio, making the stock its 4th largest position. Vitruvian Partners LLP owned approximately 0.54% of Xometry worth $11,360,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in Xometry by 360.9% in the third quarter. Barclays PLC now owns 68,951 shares of the company's stock valued at $1,266,000 after purchasing an additional 53,991 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Xometry in the 3rd quarter valued at approximately $1,586,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Xometry during the 3rd quarter valued at approximately $355,000. Charles Schwab Investment Management Inc. grew its position in shares of Xometry by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company's stock worth $6,519,000 after buying an additional 16,396 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Xometry during the third quarter worth approximately $341,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO James Miln sold 25,852 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the sale, the chief financial officer now directly owns 105,238 shares of the company's stock, valued at approximately $2,532,026.28. This represents a 19.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Randolph Altschuler sold 27,566 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now owns 256,570 shares in the company, valued at $6,824,762. This represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,965 shares of company stock valued at $2,050,643 in the last three months. 16.79% of the stock is currently owned by corporate insiders.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Xometry from a "neutral" rating to an "overweight" rating and upped their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. JMP Securities restated a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Citigroup decreased their price target on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Cantor Fitzgerald upped their price objective on Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday, February 26th. Finally, Wedbush reiterated an "outperform" rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. One research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.11.

Xometry Stock Performance

Shares of XMTR traded up $0.10 during midday trading on Thursday, hitting $26.60. 574,310 shares of the stock traded hands, compared to its average volume of 596,502. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The firm has a market capitalization of $1.34 billion, a PE ratio of -25.33 and a beta of 0.69. The business's 50 day moving average price is $30.69 and its two-hundred day moving average price is $28.92.

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.