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

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC bought a new position in shares of Xometry during the 4th quarter worth approximately $274,000. Allspring Global Investments Holdings LLC grew its stake in Xometry by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock valued at $9,120,000 after purchasing an additional 2,375 shares during the period. Legato Capital Management LLC purchased a new stake in shares of Xometry during the 4th quarter valued at $1,599,000. Rhumbline Advisers boosted its holdings in shares of Xometry by 5.7% in the 4th quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock worth $2,533,000 after buying an additional 3,180 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in Xometry during the fourth quarter worth about $30,297,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XMTR. JPMorgan Chase & Co. increased their price objective on Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Citigroup lowered their price target on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada raised 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. The Goldman Sachs Group boosted their price objective on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, UBS Group upped their price target on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.78.

Insider Activity

In other Xometry news, Director Emily Rollins sold 2,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the sale, the director now directly owns 16,146 shares in the company, valued at approximately $333,576.36. This trade represents a 11.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Miln sold 1,346 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total value of $33,824.98. Following the completion of the transaction, the chief financial officer now owns 144,713 shares of the company's stock, valued at $3,636,637.69. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,644 shares of company stock worth $666,660 over the last three months. 9.66% of the stock is currently owned by corporate insiders.

Xometry Stock Down 1.5%

NASDAQ:XMTR traded down $0.55 during trading hours on Monday, reaching $36.20. 257,550 shares of the company traded hands, compared to its average volume of 601,712. 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 business's 50-day moving average price is $27.94 and its two-hundred day moving average price is $31.24. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The stock has a market capitalization of $1.83 billion, a P/E ratio of -34.48 and a beta of 0.84.

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.