Deutsche Bank AG Acquires 12,109 Shares of Xometry, Inc. (NASDAQ:XMTR)

Deutsche Bank AG boosted its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,330 shares of the company's stock after acquiring an additional 12,109 shares during the quarter. Deutsche Bank AG owned 0.08% of Xometry worth $1,592,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in shares of Xometry during the 4th quarter worth about $27,000. Canada Pension Plan Investment Board acquired a new stake in shares of Xometry in the 4th quarter valued at $38,000. Comerica Bank grew its stake in shares of Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after purchasing an additional 749 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of Xometry during the fourth quarter worth $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in Xometry in the fourth quarter valued at about $73,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the sale, the chief executive officer now directly owns 256,570 shares of the company's stock, valued at $6,824,762. The trade was a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emily Rollins sold 2,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the sale, the director now directly owns 16,146 shares of the company's stock, valued at $333,576.36. The trade was a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,297 shares of company stock worth $2,214,438 in the last quarter. Corporate insiders own 9.66% of the company's stock.

Xometry Stock Down 2.7%

Shares of Xometry stock traded down $0.95 during trading on Wednesday, hitting $34.12. 387,174 shares of the stock traded hands, compared to its average volume of 598,946. The firm has a market cap of $1.72 billion, a P/E ratio of -32.41 and a beta of 0.71. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock's fifty day simple moving average is $26.65 and its 200 day simple moving average is $31.03. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33.

Analyst Upgrades and Downgrades

XMTR has been the topic of several research analyst reports. JMP Securities restated a "market outperform" rating and issued a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Citigroup reduced their price target on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Cantor Fitzgerald increased their price target on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. UBS Group upped their price objective on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada boosted their price target on Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.

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.