Primecap Management Co. CA Buys 113,264 Shares of Xometry, Inc. (NASDAQ:XMTR)

Primecap Management Co. CA lifted its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,918,252 shares of the company's stock after purchasing an additional 113,264 shares during the quarter. Primecap Management Co. CA owned 14.03% of Xometry worth $127,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in shares of Xometry during the 3rd quarter valued at about $205,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Xometry in the third quarter valued at approximately $355,000. GSA Capital Partners LLP acquired a new position in shares of Xometry in the third quarter valued at approximately $1,069,000. Versor Investments LP bought a new stake in shares of Xometry during the third quarter worth $411,000. Finally, ARK Investment Management LLC raised its holdings in shares of Xometry by 7.2% during the third quarter. ARK Investment Management LLC now owns 284,134 shares of the company's stock worth $5,220,000 after acquiring an additional 19,197 shares during the period. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Stock Performance

Shares of Xometry stock traded up $0.33 during trading on Friday, hitting $31.40. 607,954 shares of the stock were exchanged, compared to its average volume of 602,765. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The company has a fifty day moving average price of $22.22 and a 200-day moving average price of $17.74. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -29.90 and a beta of 0.55. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $38.74.

Insider Buying and Selling at Xometry

In related news, COO Peter Goguen sold 12,000 shares of Xometry stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.55, for a total transaction of $354,600.00. Following the completion of the sale, the chief operating officer now directly owns 180,419 shares of the company's stock, valued at approximately $5,331,381.45. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Matthew Leibel sold 16,564 shares of the company's stock in a transaction on 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 transaction, the chief technology officer now directly owns 77,856 shares in the company, valued at approximately $2,341,908.48. This represents a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,633 shares of company stock worth $1,201,730 over the last 90 days. Company insiders own 16.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Cantor Fitzgerald reiterated an "underweight" rating and set a $12.00 target price on shares of Xometry in a report on Wednesday, November 6th. UBS Group lifted their target price on Xometry from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Xometry from $23.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. Citigroup boosted their price objective on shares of Xometry from $25.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on shares of Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.71.

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.