Fred Alger Management LLC Trims Stock Holdings in Xometry, Inc. $XMTR

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 reduced its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,098,035 shares of the company's stock after selling 575,586 shares during the quarter. Fred Alger Management LLC owned approximately 2.18% of Xometry worth $27,363,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Xometry by 160.1% in the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock valued at $25,000 after acquiring an additional 618 shares in the last quarter. CWM LLC grew its position in Xometry by 825.6% in the 1st quarter. CWM LLC now owns 1,555 shares of the company's stock valued at $39,000 after acquiring an additional 1,387 shares in the last quarter. Comerica Bank grew its position in Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after acquiring an additional 749 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Xometry in the 4th quarter valued at about $51,000. Finally, Keystone Global Partners LLC acquired a new position in Xometry in the 1st quarter valued at about $57,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Stock Up 0.7%

XMTR stock traded up $0.33 during trading on Friday, hitting $50.96. 487,293 shares of the company's stock were exchanged, compared to its average volume of 680,133. The business has a 50-day moving average price of $41.61 and a two-hundred day moving average price of $32.97. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -41.43 and a beta of 0.87. Xometry, Inc. has a 52-week low of $16.26 and a 52-week high of $51.87. The company has a current ratio of 3.91, a quick ratio of 3.85 and a debt-to-equity ratio of 1.20.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results 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. The firm had revenue of $162.55 million during the quarter, compared to analysts' expectations of $156.53 million. Xometry had a negative return on equity of 6.79% and a negative net margin of 10.20%.The firm's revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. Xometry has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Xometry, Inc. will post -0.66 EPS for the current year.

Insider Activity at Xometry

In related news, CFO James Miln sold 598 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $50.25, for a total transaction of $30,049.50. Following the completion of the sale, the chief financial officer owned 144,115 shares in the company, valued at $7,241,778.75. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Randolph Altschuler sold 9,332 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total value of $302,263.48. Following the sale, the chief executive officer 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 position. The disclosure for this sale can be found here. 9.66% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on XMTR shares. The Goldman Sachs Group lifted their target price on Xometry from $33.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. UBS Group boosted their price objective on Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Cantor Fitzgerald raised Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price objective for the company in a research report on Tuesday, August 5th. Finally, JMP Securities boosted their price objective on Xometry from $45.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.44.

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.