Wellington Management Group LLP Sells 320,524 Shares of Xometry, Inc. (NASDAQ:XMTR)

Wellington Management Group LLP lessened its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 560,144 shares of the company's stock after selling 320,524 shares during the quarter. Wellington Management Group LLP owned about 1.11% of Xometry worth $23,896,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Xometry in the 4th quarter valued at approximately $27,000. Canada Pension Plan Investment Board bought a new stake in shares of Xometry during the fourth quarter worth $38,000. Comerica Bank increased its holdings in shares of Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after buying an additional 749 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of Xometry during the fourth quarter worth $51,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Xometry in the 4th quarter valued at $73,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup dropped their target price on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group raised their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. UBS Group boosted 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 raised their price target on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday. 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.78.

Xometry Trading Up 5.2%

Shares of NASDAQ:XMTR traded up $1.70 during trading on Tuesday, reaching $34.33. The stock had a trading volume of 574,336 shares, compared to its average volume of 602,200. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The firm's fifty day moving average is $27.18 and its 200 day moving average is $31.10. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -32.69 and a beta of 0.71.

Insider Activity at Xometry

In related news, CFO James Miln sold 1,346 shares of the business'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 transaction, the chief financial officer now owns 144,713 shares in the company, valued at $3,636,637.69. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emily Rollins sold 10,041 shares of the 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 transaction, the director now directly owns 11,105 shares in the company, valued at approximately $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 have sold a total of 24,644 shares of company stock worth $666,660 over the last quarter. Company insiders own 9.66% of the company's stock.

About Xometry

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.