Janus Henderson Group PLC Reduces Position in Xometry, Inc. (NASDAQ:XMTR)

Janus Henderson Group PLC decreased its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 567,632 shares of the company's stock after selling 88,207 shares during the quarter. Janus Henderson Group PLC owned about 1.15% of Xometry worth $24,215,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of XMTR. Vanguard Group Inc. raised its stake in shares of Xometry by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after acquiring an additional 86,997 shares during the period. Geode Capital Management LLC grew its holdings in Xometry by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after purchasing an additional 8,974 shares during the last quarter. Ameriprise Financial Inc. raised its position in Xometry by 225.7% in the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after purchasing an additional 590,974 shares during the period. First Trust Advisors LP lifted its stake in Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock worth $34,873,000 after purchasing an additional 781,049 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new position in shares of Xometry during the fourth quarter valued at approximately $30,297,000. Institutional investors own 97.31% of the company's stock.

Xometry Stock Down 0.5%

NASDAQ:XMTR traded down $0.16 during mid-day trading on Wednesday, reaching $34.77. The company's stock had a trading volume of 208,540 shares, compared to its average volume of 596,226. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The stock has a fifty day moving average of $25.82 and a 200-day moving average of $30.83. The firm has a market capitalization of $1.75 billion, a PE ratio of -33.16 and a beta of 0.71.

Wall Street Analyst Weigh In

Several brokerages have commented on XMTR. JMP Securities reaffirmed a "market outperform" rating and issued a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. Citigroup lowered their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada upped their price target on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group boosted their price objective on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Xometry currently has an average rating of "Moderate Buy" and a consensus target price of $34.89.

Insider Buying and Selling at Xometry

In related news, Director Emily Rollins sold 10,041 shares of the company's 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 sale, the director now directly owns 11,105 shares in the company, valued at $340,923.50. This represents a 47.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James Miln sold 7,235 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35. Following the sale, the chief financial officer now directly owns 131,090 shares of the company's stock, valued at $3,488,304.90. The trade was a 5.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,297 shares of company stock valued at $2,214,438. Company insiders own 9.66% 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.