ARK Investment Management LLC Sells 37,352 Shares of Xometry, Inc. $XMTR

Key Points

• ARK Investment Management cut its stake in Xometry by 30.7%, selling 37,352 shares in Q3 and now holds 84,413 shares (about 0.17% of the company) valued at roughly $4.6 million.
• Xometry beat the latest quarter's estimates with $0.16 EPS (vs. $0.12 expected) and $192.4M revenue (+29.5% YoY), but the business remains unprofitable with a negative net margin (-8.99%) and negative ROE (-5.49%).
• Analysts are mixed — the consensus is a "Hold" with an average target of $62 amid recent price‑target changes — and insiders have been net sellers (127,852 shares sold in the last 90 days) though one director purchased 1,215 shares.

ARK Investment Management LLC lessened its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 30.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,413 shares of the company's stock after selling 37,352 shares during the quarter. ARK Investment Management LLC owned 0.17% of Xometry worth $4,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of XMTR. Quantbot Technologies LP purchased a new stake in Xometry during the 3rd quarter worth about $30,000. Westend Capital Management LLC purchased a new stake in Xometry in the third quarter valued at approximately $41,000. Global Retirement Partners LLC bought a new stake in Xometry during the third quarter valued at approximately $47,000. Advisors Asset Management Inc. grew its stake in Xometry by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company's stock worth $34,000 after buying an additional 412 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Xometry by 283.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the company's stock worth $82,000 after buying an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup reduced their price objective on Xometry from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. William Blair reissued an "outperform" rating on shares of Xometry in a research note on Tuesday, February 24th. UBS Group upped their price objective on shares of Xometry from $54.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, February 25th. Weiss Ratings reissued a "sell (e+)" rating on shares of Xometry in a research note on Wednesday, January 21st. Finally, Wedbush reduced their price target on Xometry from $70.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $62.00.

Xometry Stock Down 0.4%

XMTR opened at $44.53 on Friday. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -36.50 and a beta of 0.90. Xometry, Inc. has a twelve month low of $18.59 and a twelve month high of $73.87. The company has a quick ratio of 3.72, a current ratio of 3.76 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average price of $58.94 and a 200-day moving average price of $55.90.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The company had revenue of $192.40 million during the quarter, compared to analysts' expectations of $183.37 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. Xometry's revenue for the quarter was up 29.5% compared to the same quarter last year. Equities research analysts forecast that Xometry, Inc. will post -0.66 earnings per share for the current year.

Insider Activity

In related news, Director Katharine Weymouth acquired 1,215 shares of Xometry stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of $41.15 per share, for a total transaction of $49,997.25. Following the purchase, the director directly owned 3,615 shares of the company's stock, valued at approximately $148,757.25. This trade represents a 50.63% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Subir Dutt sold 2,410 shares of Xometry stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $43.47, for a total value of $104,762.70. Following the transaction, the insider owned 88,633 shares in the company, valued at $3,852,876.51. This trade represents a 2.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 127,852 shares of company stock worth $6,993,940. Company insiders own 9.66% of the company's stock.

Xometry Company Profile

Xometry, Inc NASDAQ: XMTR operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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