Xometry, Inc. $XMTR Shares Sold by Fred Alger Management LLC

Key Points

• Fred Alger Management LLC reduced its stake in Xometry, Inc. by 34.4%, selling 575,586 shares and holding about 1,098,035 shares valued at $27.36 million at the end of the quarter.
• Institutional investors hold approximately 97.31% of Xometry's stock, with several hedge funds increasing their stakes significantly in the previous quarter.
• Xometry reported $0.09 EPS for the last quarter, surpassing estimates, and achieved a revenue of $162.55 million, a 22.6% increase year-over-year.

Fred Alger Management LLC lessened its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 34.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,098,035 shares of the company's stock after selling 575,586 shares during the quarter. Fred Alger Management LLC owned about 2.18% of Xometry worth $27,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in XMTR. Hsbc Holdings PLC acquired a new position in shares of Xometry during the fourth quarter valued at approximately $234,000. Northern Trust Corp increased its stake in shares of Xometry by 11.1% during the fourth quarter. Northern Trust Corp now owns 408,419 shares of the company's stock valued at $17,423,000 after acquiring an additional 40,889 shares during the period. Comerica Bank increased its stake in shares of Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after acquiring an additional 749 shares during the period. Algert Global LLC acquired a new position in shares of Xometry during the fourth quarter valued at approximately $1,132,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Xometry by 225.7% during the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock valued at $36,381,000 after acquiring an additional 590,974 shares during the period. Institutional investors and hedge funds own 97.31% of the company's stock.

Insider Activity at Xometry

In other Xometry news, CFO James Miln sold 598 shares of Xometry stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $50.25, for a total transaction of $30,049.50. Following the transaction, the chief financial officer directly owned 144,115 shares in the company, valued at approximately $7,241,778.75. The trade was a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 in the company, 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. Insiders own 9.66% of the company's stock.

Xometry Trading Up 1.1%

Xometry stock opened at $49.68 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.85 and a current ratio of 3.91. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of -40.39 and a beta of 0.87. Xometry, Inc. has a 1 year low of $16.11 and a 1 year high of $51.68. The firm's 50 day moving average price is $39.92 and its two-hundred day moving average price is $32.28.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. The firm had revenue of $162.55 million for the quarter, compared to analysts' expectations of $156.53 million. During the same period in the previous year, the company posted ($0.01) EPS. The company's quarterly revenue was up 22.6% compared to the same quarter last year. Xometry has set its Q3 2025 guidance at EPS. On average, research analysts predict that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JMP Securities raised their price objective on shares of Xometry from $45.00 to $50.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Cantor Fitzgerald upgraded shares of Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price objective on the stock in a research note on Tuesday, August 5th. Citigroup restated an "outperform" rating on shares of Xometry in a research report on Friday, July 11th. The Goldman Sachs Group lifted their price target on shares of Xometry from $33.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. 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 research report on Tuesday, June 3rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $40.44.

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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