Russell Investments Group Ltd. Cuts Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

Russell Investments Group Ltd. lessened its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 96.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,487 shares of the company's stock after selling 798,772 shares during the period. Russell Investments Group Ltd. owned 0.07% of Xometry worth $1,429,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock worth $183,151,000 after buying an additional 86,997 shares during the last quarter. Geode Capital Management LLC increased its position in Xometry by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after purchasing an additional 8,974 shares during the last quarter. State Street Corp boosted its holdings in Xometry by 0.3% in the 3rd quarter. State Street Corp now owns 887,139 shares of the company's stock valued at $16,297,000 after purchasing an additional 3,027 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Xometry in the 4th quarter valued at approximately $30,297,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Xometry by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,156 shares of the company's stock worth $15,620,000 after buying an additional 11,307 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company's stock.

Insider Buying and Selling

In other news, Director Emily Rollins sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the transaction, the director now directly owns 16,146 shares in the company, valued at approximately $333,576.36. This trade represents a 11.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Randolph Altschuler sold 9,331 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.16, for a total transaction of $234,767.96. Following the sale, the chief executive officer now owns 328,934 shares of the company's stock, valued at approximately $8,275,979.44. This represents a 2.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,256 shares of company stock worth $2,012,889 in the last quarter. 16.79% of the stock is owned by insiders.

Xometry Stock Performance

XMTR traded up $1.31 on Thursday, reaching $25.11. The company had a trading volume of 335,839 shares, compared to its average volume of 605,156. The stock has a 50-day moving average price of $25.41 and a 200-day moving average price of $29.42. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The stock has a market capitalization of $1.26 billion, a PE ratio of -23.91 and a beta of 0.72.

Analysts Set New Price Targets

A number of brokerages have weighed in on XMTR. Royal Bank of Canada lifted their price target on shares of Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. UBS Group increased their target price on Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Cantor Fitzgerald boosted their price target on shares of Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 26th. Citigroup dropped their price objective on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, JMP Securities restated a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.44.

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.