Baillie Gifford & Co. Has $18.15 Million Stake in Xometry, Inc. (NASDAQ:XMTR)

Key Points

• Baillie Gifford & Co. increased its stake in Xometry, Inc. by 2.5%, owning approximately 1.45% of the company, valued at $18.15 million.
• Xometry's stock price has risen by 3.5%, with an opening price of $32.62 and a market cap of $1.65 billion.
• Several analysts have recently upgraded their ratings on Xometry, with the consensus target price now at $35.78.

Baillie Gifford & Co. grew its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 728,281 shares of the company's stock after acquiring an additional 18,085 shares during the period. Baillie Gifford & Co. owned about 1.45% of Xometry worth $18,149,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XMTR. State of Wyoming increased its stake in Xometry by 8.2% during the 4th quarter. State of Wyoming now owns 8,876 shares of the company's stock worth $379,000 after buying an additional 676 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of Xometry in the 1st quarter valued at $420,000. GAMMA Investing LLC boosted its holdings in shares of Xometry by 6,381.9% in the 1st quarter. GAMMA Investing LLC now owns 25,020 shares of the company's stock valued at $623,000 after buying an additional 24,634 shares in the last quarter. SG Americas Securities LLC boosted its stake in Xometry by 259.0% during the 1st quarter. SG Americas Securities LLC now owns 50,035 shares of the company's stock worth $1,247,000 after purchasing an additional 36,097 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Xometry during the 4th quarter worth $259,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Xometry

In other news, Director Emily Rollins sold 10,041 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $340,923.50. This represents a 47.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Randolph Altschuler sold 9,332 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were 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 directly owned 319,602 shares of the company's stock, valued at $10,351,908.78. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.66% of the company's stock.

Xometry Trading Up 1.2%

NASDAQ XMTR traded up $0.37 on Wednesday, hitting $32.03. 135,282 shares of the company were exchanged, compared to its average volume of 662,163. The company's 50 day moving average price is $33.51 and its 200-day moving average price is $30.38. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.74 and a quick ratio of 3.70. The firm has a market capitalization of $1.62 billion, a P/E ratio of -32.30 and a beta of 0.83. Xometry, Inc. has a twelve month low of $11.33 and a twelve month high of $45.33.

Analyst Ratings Changes

A number of brokerages have commented on XMTR. Royal Bank Of Canada upped their price objective on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Citigroup reiterated an "outperform" rating on shares of Xometry in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Cantor Fitzgerald raised their target price on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group raised their price target on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.78.

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.