Brown Capital Management LLC Lowers Stake in Xometry, Inc. (NASDAQ:XMTR)

Brown Capital Management LLC decreased its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,471,372 shares of the company's stock after selling 434,223 shares during the period. Xometry comprises 1.8% of Brown Capital Management LLC's holdings, making the stock its 19th largest holding. Brown Capital Management LLC owned approximately 9.07% of Xometry worth $82,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XMTR. State Board of Administration of Florida Retirement System increased its position in Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company's stock valued at $200,000 after purchasing an additional 2,140 shares during the period. Vanguard Group Inc. increased its position in shares of Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company's stock worth $65,488,000 after acquiring an additional 76,976 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company's stock valued at $21,461,000 after purchasing an additional 217,939 shares during the last quarter. Sylebra Capital LLC grew its holdings in Xometry by 1,005.3% during the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company's stock worth $10,882,000 after buying an additional 585,971 shares in the last quarter. Finally, Bellecapital International Ltd. bought a new position in shares of Xometry during the second quarter valued at about $6,281,000. Institutional investors own 97.31% of the company's stock.

Xometry Stock Up 5.0 %

Xometry stock traded up $1.48 during midday trading on Thursday, reaching $31.13. The company's stock had a trading volume of 367,984 shares, compared to its average volume of 602,742. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $38.74. The stock has a market capitalization of $1.54 billion, a P/E ratio of -29.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock's 50-day simple moving average is $21.97 and its 200-day simple moving average is $17.64.

Wall Street Analyst Weigh In

Several research analysts recently commented on XMTR shares. Cantor Fitzgerald reaffirmed an "underweight" rating and issued a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Xometry from $23.00 to $27.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Craig Hallum raised their target price on shares of Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. JMP Securities lifted their target price on Xometry from $34.00 to $42.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. Finally, 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 report on Wednesday, November 6th. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.71.

Insiders Place Their Bets

In other Xometry news, COO Peter Goguen sold 5,000 shares of Xometry stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the chief operating officer now owns 175,419 shares in the company, valued at approximately $5,613,408. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Matthew Leibel sold 16,564 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at approximately $2,341,908.48. This trade represents a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,633 shares of company stock valued at $1,201,730. Insiders own 16.79% of the company's stock.

Xometry Company 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.