Millennium Management LLC Invests $880,000 in Xometry, Inc. (NASDAQ:XMTR)

Millennium Management LLC acquired a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,631 shares of the company's stock, valued at approximately $880,000.

Several other large investors have also recently made changes to their positions in XMTR. Global Retirement Partners LLC acquired a new position in shares of Xometry in the 4th quarter worth approximately $27,000. Canada Pension Plan Investment Board acquired a new position in shares of Xometry in the 4th quarter worth approximately $38,000. Comerica Bank lifted its holdings in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after acquiring an additional 749 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Xometry in the 4th quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Xometry in the 4th quarter worth approximately $73,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Xometry news, CEO Randolph Altschuler sold 9,331 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 328,934 shares of the company's stock, valued at approximately $8,275,979.44. This trade represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James Miln sold 1,346 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total transaction of $33,824.98. Following the completion of the sale, the chief financial officer now owns 144,713 shares of the company's stock, valued at $3,636,637.69. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,644 shares of company stock valued at $666,660. Insiders own 9.66% of the company's stock.

Wall Street Analysts Forecast Growth

XMTR has been the topic of a number of research reports. UBS Group increased their target price on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Cantor Fitzgerald increased their target price on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. JMP Securities reiterated a "market outperform" rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. The Goldman Sachs Group increased their target price on shares of Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada increased their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Xometry presently has an average rating of "Moderate Buy" and a consensus target price of $35.78.

Xometry Stock Up 4.1%

Shares of NASDAQ XMTR traded up $1.45 during mid-day trading on Friday, reaching $36.75. The company had a trading volume of 492,299 shares, compared to its average volume of 601,762. 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 firm has a 50 day simple moving average of $27.94 and a two-hundred day simple moving average of $31.23. The stock has a market cap of $1.86 billion, a P/E ratio of -35.00 and a beta of 0.84. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33.

About Xometry

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.