SG Americas Securities LLC raised its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 259.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,035 shares of the company's stock after acquiring an additional 36,097 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Xometry worth $1,247,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in XMTR. Global Retirement Partners LLC acquired a new position in Xometry in the 4th quarter worth about $27,000. Canada Pension Plan Investment Board bought a new stake in shares of Xometry in the 4th quarter valued at approximately $38,000. GAMMA Investing LLC increased its holdings in Xometry by 160.1% in the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after buying an additional 618 shares during the last quarter. Comerica Bank raised its position in Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after acquiring an additional 749 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Xometry in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 97.31% of the company's stock.
Insider Transactions at Xometry
In related news, CFO James Miln sold 1,346 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total transaction of $33,824.98. Following the completion of the transaction, the chief financial officer now directly owns 144,713 shares in the company, valued at $3,636,637.69. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Emily Rollins sold 10,041 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the sale, the director now owns 11,105 shares in the company, valued at $340,923.50. This represents a 47.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,658 shares of company stock worth $641,813 over the last three months. 9.66% of the stock is currently owned by insiders.
Xometry Stock Performance
NASDAQ:XMTR traded down $0.13 during mid-day trading on Friday, hitting $32.72. 333,042 shares of the company's stock traded hands, compared to its average volume of 618,583. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -33.06 and a beta of 0.84. The firm has a 50 day moving average of $29.97 and a two-hundred day moving average of $31.32. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33.
Wall Street Analyst Weigh In
XMTR has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup lowered their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. UBS Group upped their target price on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Cantor Fitzgerald lifted their price target on shares of Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.78.
Check Out Our Latest Analysis on XMTR
Xometry Profile
(
Free Report)
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.
Further Reading
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