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

Sylebra Capital LLC raised its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,834,750 shares of the company's stock after purchasing an additional 37,883 shares during the quarter. Xometry comprises approximately 2.2% of Sylebra Capital LLC's investment portfolio, making the stock its 11th biggest holding. Sylebra Capital LLC owned 3.70% of Xometry worth $78,270,000 at the end of the most recent quarter.

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

Insider Activity

In related 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Randolph Altschuler sold 27,566 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now directly owns 256,570 shares in the company, valued at approximately $6,824,762. This represents a 9.70% decrease in their ownership of the stock. 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 currently owned by company insiders.

Xometry Stock Performance

XMTR stock traded down $0.75 during trading hours on Wednesday, reaching $34.33. The stock had a trading volume of 302,083 shares, compared to its average volume of 598,589. The stock has a market capitalization of $1.73 billion, a PE ratio of -32.63 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock has a 50-day simple moving average of $26.65 and a 200 day simple moving average of $31.03. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

Analysts Set New Price Targets

Several research analysts recently commented on XMTR shares. 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. Citigroup reduced their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. 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. 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. Finally, JMP Securities restated a "market outperform" rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.89.

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.