29,129 Shares in Xometry, Inc. (NASDAQ:XMTR) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,129 shares of the company's stock, valued at approximately $726,000. XTX Topco Ltd owned 0.06% of Xometry at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XMTR. LPL Financial LLC lifted its position in Xometry by 17.7% in the fourth quarter. LPL Financial LLC now owns 28,880 shares of the company's stock worth $1,232,000 after purchasing an additional 4,343 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after acquiring an additional 86,997 shares during the period. Pictet Asset Management Holding SA bought a new position in shares of Xometry during the fourth quarter valued at $328,000. Alliancebernstein L.P. lifted its holdings in shares of Xometry by 24.9% during the fourth quarter. Alliancebernstein L.P. now owns 43,190 shares of the company's stock valued at $1,842,000 after acquiring an additional 8,610 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Xometry by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after acquiring an additional 8,974 shares during the period. 97.31% of the stock is owned by institutional investors.

Xometry Stock Performance

Shares of NASDAQ:XMTR opened at $30.97 on Tuesday. Xometry, Inc. has a twelve month low of $11.33 and a twelve month high of $45.33. The firm has a market cap of $1.57 billion, a PE ratio of -31.28 and a beta of 0.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.70 and a current ratio of 3.74. The business has a fifty day moving average of $33.34 and a 200-day moving average of $30.30.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Cantor Fitzgerald lifted their price objective on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price objective on Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. UBS Group lifted their price objective on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Citigroup reissued an "outperform" rating on shares of Xometry in a report on Friday, July 11th. Finally, Royal Bank Of Canada lifted their price objective on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.78.

Insiders Place Their Bets

In related news, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the sale, the director directly owned 11,105 shares in the company, valued at $340,923.50. This trade represents a 47.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total value of $302,263.48. Following the completion of the sale, the chief executive officer owned 319,602 shares of the company's stock, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.66% 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.

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