Hood River Capital Management LLC Has $11.37 Million Holdings in Xometry, Inc. (NASDAQ:XMTR)

Hood River Capital Management LLC increased its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 26.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 266,444 shares of the company's stock after acquiring an additional 56,463 shares during the quarter. Hood River Capital Management LLC owned about 0.54% of Xometry worth $11,367,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in XMTR. Barclays PLC lifted its stake in Xometry by 360.9% in the third quarter. Barclays PLC now owns 68,951 shares of the company's stock valued at $1,266,000 after buying an additional 53,991 shares during the period. State Street Corp increased its holdings in shares of Xometry by 0.3% in the third quarter. State Street Corp now owns 887,139 shares of the company's stock worth $16,297,000 after acquiring an additional 3,027 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Xometry by 32.9% in the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock worth $731,000 after acquiring an additional 9,625 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Xometry by 4.3% in the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company's stock worth $18,291,000 after acquiring an additional 41,341 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Xometry by 5.7% in the fourth quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock worth $2,533,000 after acquiring an additional 3,180 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XMTR. JMP Securities restated a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price objective on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Cantor Fitzgerald increased their price objective on Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a report on Wednesday, February 26th. Royal Bank of Canada increased their price objective on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. Finally, Citigroup decreased their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.44.

Xometry Stock Performance

Shares of XMTR stock traded down $1.04 on Tuesday, hitting $25.74. The company's stock had a trading volume of 347,057 shares, compared to its average volume of 607,857. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock's 50 day moving average is $24.69 and its 200-day moving average is $29.76. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a market capitalization of $1.29 billion, a PE ratio of -24.32 and a beta of 0.72.

Insider Activity at Xometry

In related news, COO Peter Goguen sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00. Following the completion of the sale, the chief operating officer now owns 161,993 shares of the company's stock, valued at $5,762,091.01. This represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Emily Rollins sold 2,000 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the transaction, the director now directly owns 16,146 shares of the company's stock, valued at $333,576.36. This trade represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,256 shares of company stock worth $2,012,889. Corporate insiders own 16.79% of the company's stock.

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.