Squarepoint Ops LLC Trims Holdings in Xometry, Inc. (NASDAQ:XMTR)

Squarepoint Ops LLC lowered its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 63.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 77,079 shares of the company's stock after selling 135,636 shares during the period. Squarepoint Ops LLC owned 0.16% of Xometry worth $3,288,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its stake in Xometry by 5.7% in the fourth quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock valued at $2,533,000 after purchasing an additional 3,180 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Xometry in the 4th quarter valued at about $225,000. Principal Financial Group Inc. bought a new stake in Xometry in the 4th quarter valued at about $1,258,000. Envestnet Asset Management Inc. raised its stake in Xometry by 34.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,294 shares of the company's stock worth $1,506,000 after buying an additional 8,970 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Xometry by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,156 shares of the company's stock worth $15,620,000 after acquiring an additional 11,307 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Xometry news, CFO James Miln sold 1,346 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total transaction of $33,824.98. Following the transaction, the chief financial officer now owns 144,713 shares of the company's stock, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Randolph Altschuler sold 9,331 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.16, for a total value of $234,767.96. Following the completion of the sale, the chief executive officer now directly owns 328,934 shares of the company's stock, valued at $8,275,979.44. The trade was a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,297 shares of company stock valued at $2,214,438 over the last ninety days. 9.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on XMTR shares. Citigroup reduced their price target on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Cantor Fitzgerald boosted their price objective on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. UBS Group boosted their price target on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.89.

Xometry Price Performance

NASDAQ XMTR traded down $0.74 during trading hours on Wednesday, reaching $34.33. The company's stock had a trading volume of 547,472 shares, compared to its average volume of 600,345. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -32.69 and a beta of 0.71. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm's 50-day moving average price is $26.82 and its 200-day moving average price is $31.05.

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.