Sylebra Capital LLC Buys 37,883 Shares of Xometry, Inc. (NASDAQ:XMTR)

Sylebra Capital LLC lifted its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,834,750 shares of the company's stock after acquiring an additional 37,883 shares during the period. Xometry accounts for about 2.2% of Sylebra Capital LLC's investment portfolio, making the stock its 11th largest position. Sylebra Capital LLC owned approximately 3.70% of Xometry worth $78,270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Summit Investment Advisors Inc. raised its stake in shares of Xometry by 8.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock valued at $190,000 after acquiring an additional 333 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Xometry during the fourth quarter valued at about $27,000. State of Wyoming boosted its holdings in Xometry by 8.2% during the fourth quarter. State of Wyoming now owns 8,876 shares of the company's stock valued at $379,000 after acquiring an additional 676 shares during the period. Comerica Bank boosted its holdings 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 during the period. Finally, Arizona State Retirement System boosted its holdings in Xometry by 7.9% during the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock valued at $520,000 after acquiring an additional 891 shares during the period. 97.31% of the stock is owned by institutional investors.

Xometry Stock Performance

XMTR opened at $33.40 on Friday. The stock has a market cap of $1.68 billion, a PE ratio of -31.81 and a beta of 0.71. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The stock's 50 day simple moving average is $26.15 and its 200-day simple moving average is $30.92.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada lifted their price target on Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Cantor Fitzgerald lifted their price target on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. Citigroup dropped their price target on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group lifted their price target on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares of the company's stock, valued at $6,824,762. The trade was a 9.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Miln sold 25,852 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the sale, the chief financial officer now directly owns 105,238 shares in the company, valued at approximately $2,532,026.28. This represents a 19.72% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,297 shares of company stock worth $2,214,438. Company insiders own 9.66% of the company's stock.

Xometry Company 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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