CenterBook Partners LP Has $7.44 Million Position in Xometry, Inc. (NASDAQ:XMTR)

CenterBook Partners LP raised its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 201.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 298,721 shares of the company's stock after buying an additional 199,489 shares during the period. CenterBook Partners LP owned about 0.59% of Xometry worth $7,444,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in XMTR. GAMMA Investing LLC boosted its holdings in Xometry by 160.1% during the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after buying an additional 618 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Xometry in the 4th quarter worth approximately $38,000. CWM LLC lifted its position in Xometry by 825.6% in the 1st quarter. CWM LLC now owns 1,555 shares of the company's stock worth $39,000 after buying an additional 1,387 shares in the last quarter. Comerica Bank lifted its position in Xometry by 195.1% in the 4th 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. Finally, CoreCap Advisors LLC purchased a new stake in Xometry in the 4th quarter worth approximately $51,000. 97.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Emily Rollins sold 10,041 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the sale, the director directly owned 11,105 shares of the company's stock, valued at $340,923.50. The trade was a 47.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Randolph Altschuler sold 9,332 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction of $302,263.48. Following the transaction, the chief executive officer owned 319,602 shares of the company's stock, valued at approximately $10,351,908.78. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup restated an "outperform" rating on shares of Xometry in a report on Friday, July 11th. Cantor Fitzgerald raised their price target on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. UBS Group raised their price target on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Xometry presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.78.

Xometry Price Performance

Shares of NASDAQ XMTR traded down $0.17 during trading on Friday, reaching $35.05. The company had a trading volume of 739,960 shares, compared to its average volume of 672,204. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.70 and a current ratio of 3.74. The stock has a market cap of $1.78 billion, a PE ratio of -35.40 and a beta of 0.83. The business's 50 day moving average price is $33.50 and its 200-day moving average price is $30.82. Xometry, Inc. has a 52 week low of $11.33 and a 52 week high of $45.33.

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.