225,899 Shares in Xometry, Inc. (NASDAQ:XMTR) Purchased by Next Century Growth Investors LLC

Next Century Growth Investors LLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 225,899 shares of the company's stock, valued at approximately $9,637,000. Next Century Growth Investors LLC owned about 0.46% of Xometry as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of XMTR. Barclays PLC raised its position in Xometry by 360.9% during the 3rd quarter. Barclays PLC now owns 68,951 shares of the company's stock worth $1,266,000 after purchasing an additional 53,991 shares during the last quarter. State Street Corp increased its stake in shares of Xometry by 0.3% in the third quarter. State Street Corp now owns 887,139 shares of the company's stock valued at $16,297,000 after buying an additional 3,027 shares during the period. Franklin Resources Inc. lifted its stake in shares of Xometry by 32.9% in the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock worth $731,000 after acquiring an additional 9,625 shares during the period. Geode Capital Management LLC lifted its stake in shares of Xometry by 4.3% in the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company's stock worth $18,291,000 after acquiring an additional 41,341 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Xometry by 5.7% in the fourth quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock valued at $2,533,000 after acquiring an additional 3,180 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Stock Up 0.2 %

Shares of NASDAQ XMTR traded up $0.05 during midday trading on Thursday, hitting $21.91. 258,268 shares of the stock traded hands, compared to its average volume of 604,727. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The business has a 50 day moving average price of $26.80 and a two-hundred day moving average price of $29.25. 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 company has a market cap of $1.10 billion, a PE ratio of -20.98 and a beta of 0.72.

Insider Buying and Selling at Xometry

In other news, COO Peter Goguen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $35.57, for a total value of $106,710.00. Following the completion of the sale, the chief operating officer now directly owns 161,993 shares of the company's stock, valued at $5,762,091.01. This represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of Xometry stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the transaction, the director now directly owns 16,146 shares in the company, valued at approximately $333,576.36. The trade was a 11.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,256 shares of company stock worth $2,012,889. 16.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of recent analyst reports. 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 report on Wednesday, February 26th. JMP Securities restated a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a report 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 report on Thursday, February 27th. Royal Bank of Canada upped their target price on Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.