Fmr LLC Sells 766,501 Shares of Xometry, Inc. (NASDAQ:XMTR)

FMR LLC reduced its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,311,961 shares of the company's stock after selling 766,501 shares during the period. FMR LLC owned approximately 6.68% of Xometry worth $141,288,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Xometry during the fourth quarter valued at approximately $27,000. Arizona State Retirement System grew its holdings in Xometry by 7.9% during the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock valued at $520,000 after purchasing an additional 891 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Xometry during the 4th quarter worth $73,000. Allspring Global Investments Holdings LLC increased its stake in shares of Xometry by 1.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock worth $9,120,000 after purchasing an additional 2,375 shares in the last quarter. Finally, State Street Corp grew its stake in Xometry by 0.3% in the 3rd quarter. State Street Corp now owns 887,139 shares of the company's stock valued at $16,297,000 after buying an additional 3,027 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Trading Up 0.8 %

Shares of NASDAQ:XMTR traded up $0.18 on Friday, hitting $22.04. The company had a trading volume of 687,539 shares, compared to its average volume of 606,730. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm's 50-day simple moving average is $26.51 and its two-hundred day simple moving average is $29.27. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -20.99 and a beta of 0.72.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. Cantor Fitzgerald increased their price objective on Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. UBS Group boosted their target price on Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $48.00 price target on shares of Xometry in a report on Friday, December 20th. Finally, JMP Securities reissued a "market outperform" rating and set a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. One research 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.11.

Insider Buying and Selling

In related news, CEO Randolph Altschuler sold 27,566 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares in the company, valued at $6,824,762. This represents a 9.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Emily Rollins sold 2,000 shares of Xometry stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the transaction, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. The trade was a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,256 shares of company stock valued at $2,012,889 over the last quarter. Corporate insiders own 16.79% of the company's stock.

Xometry 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.