Voloridge Investment Management LLC Decreases Stake in Xometry, Inc. (NASDAQ:XMTR)

Voloridge Investment Management LLC lowered its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 76.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,835 shares of the company's stock after selling 122,604 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.08% of Xometry worth $1,614,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Xometry by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after buying an additional 86,997 shares in the last quarter. Geode Capital Management LLC lifted its stake in Xometry by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after buying an additional 8,974 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Xometry by 225.7% in the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock valued at $36,381,000 after buying an additional 590,974 shares in the last quarter. First Trust Advisors LP lifted its stake in Xometry by 2,144.2% in the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock valued at $34,873,000 after buying an additional 781,049 shares in the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in Xometry in the 4th quarter valued at approximately $30,297,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Activity at Xometry

In related news, CFO James Miln sold 25,852 shares of the stock in a transaction on Tuesday, March 4th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emily Rollins sold 2,000 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the sale, the director now owns 16,146 shares of the company's stock, valued at approximately $333,576.36. This represents a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,496 shares of company stock worth $1,288,659. Corporate insiders own 9.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XMTR shares. UBS Group upped their target price on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada boosted their price target on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Citigroup cut their price target on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Cantor Fitzgerald boosted their price target on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Xometry currently has an average rating of "Moderate Buy" and an average target price of $34.89.

Xometry Trading Up 0.6%

Shares of XMTR stock traded up $0.20 on Friday, reaching $33.07. 607,163 shares of the stock were exchanged, compared to its average volume of 602,557. The stock has a market cap of $1.66 billion, a P/E ratio of -31.49 and a beta of 0.71. 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 has a 50 day moving average of $27.06 and a two-hundred day moving average of $31.07. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33.

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.