GAMMA Investing LLC Has $623,000 Stake in Xometry, Inc. (NASDAQ:XMTR)

GAMMA Investing LLC increased its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 6,381.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,020 shares of the company's stock after buying an additional 24,634 shares during the period. GAMMA Investing LLC's holdings in Xometry were worth $623,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System lifted its stake in Xometry by 5.4% in the fourth quarter. California State Teachers Retirement System now owns 39,288 shares of the company's stock valued at $1,676,000 after buying an additional 2,015 shares during the period. Centaurus Financial Inc. bought a new stake in shares of Xometry in the 4th quarter valued at about $159,000. Sylebra Capital LLC raised its position in shares of Xometry by 2.1% in the 4th quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company's stock valued at $78,270,000 after acquiring an additional 37,883 shares during the period. 49 Wealth Management LLC bought a new position in Xometry during the 4th quarter worth approximately $319,000. Finally, State of Wyoming boosted 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 acquiring an additional 676 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Xometry

In other news, CEO Randolph Altschuler sold 9,331 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $25.16, for a total transaction of $234,767.96. Following the completion of the transaction, the chief executive officer now directly owns 328,934 shares of the company's stock, valued at $8,275,979.44. This represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emily Rollins sold 10,041 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the transaction, the director now owns 11,105 shares in the company, valued at approximately $340,923.50. The trade was a 47.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,658 shares of company stock worth $641,813 in the last quarter. 9.66% of the stock is currently owned by company insiders.

Xometry Stock Performance

Shares of XMTR opened at $32.85 on Thursday. The stock has a 50 day moving average of $29.74 and a 200 day moving average of $31.31. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -33.18 and a beta of 0.84. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91.

Analysts Set New Price Targets

Several research firms have recently weighed in on XMTR. UBS Group upped their price target on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Royal Bank Of Canada upped their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Citigroup lowered their target price on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald lifted their price target on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their price objective on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.78.

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.

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