Xometry, Inc. (NASDAQ:XMTR) Shares Bought by CenterBook Partners LP

CenterBook Partners LP raised its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 201.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 298,721 shares of the company's stock after acquiring an additional 199,489 shares during the quarter. CenterBook Partners LP owned approximately 0.59% of Xometry worth $7,444,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Xometry by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 367,934 shares of the company's stock valued at $9,169,000 after purchasing an additional 1,778 shares during the period. Vanguard Group Inc. grew its position in Xometry by 2.8% during the first quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company's stock valued at $109,980,000 after acquiring an additional 120,065 shares during the period. Vitruvian Partners LLP grew its position in Xometry by 25.7% during the first quarter. Vitruvian Partners LLP now owns 334,785 shares of the company's stock valued at $8,343,000 after acquiring an additional 68,500 shares during the period. Arkadios Wealth Advisors purchased a new stake in Xometry during the first quarter valued at about $310,000. Finally, XTX Topco Ltd purchased a new stake in Xometry during the first quarter valued at about $726,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Xometry news, 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 completion of the transaction, the director directly owned 11,105 shares of the company's stock, valued at approximately $340,923.50. This trade represents a 47.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Randolph Altschuler sold 9,332 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total value of $302,263.48. Following the transaction, the chief executive officer directly owned 319,602 shares of the company's stock, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XMTR. Royal Bank Of Canada increased their target price on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald boosted their price target on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their price target on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Citigroup reiterated an "outperform" rating on shares of Xometry in a research note on Friday. Finally, UBS Group upped their price objective on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.78.

Xometry Stock Performance

Shares of XMTR stock opened at $34.19 on Tuesday. The business has a 50 day simple moving average of $33.23 and a 200 day simple moving average of $30.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.74 and a quick ratio of 3.70. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -33.74 and a beta of 0.83. Xometry, Inc. has a 12-month low of $11.33 and a 12-month 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.

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