Polar Capital Holdings Plc Takes $14.07 Million Position in Xometry, Inc. (NASDAQ:XMTR)

Polar Capital Holdings Plc bought a new stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 329,811 shares of the company's stock, valued at approximately $14,070,000. Polar Capital Holdings Plc owned approximately 0.67% of Xometry as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of XMTR. Franklin Resources Inc. increased its holdings in shares of Xometry by 32.9% during the 3rd quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock worth $731,000 after buying an additional 9,625 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Xometry by 5.7% during the 4th quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock worth $2,533,000 after buying an additional 3,180 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Xometry during the 4th quarter worth $225,000. Principal Financial Group Inc. acquired a new stake in shares of Xometry during the 4th quarter worth $1,258,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Xometry by 34.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,294 shares of the company's stock worth $1,506,000 after buying an additional 8,970 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Stock Performance

Shares of XMTR traded up $0.03 during trading hours on Wednesday, reaching $34.96. 306,885 shares of the company traded hands, compared to its average volume of 596,593. The stock's fifty day moving average is $25.82 and its 200 day moving average is $30.83. The stock has a market cap of $1.76 billion, a P/E ratio of -33.30 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XMTR shares. JPMorgan Chase & Co. lowered their price target on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada raised their price target on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald raised their price objective on shares of Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. JMP Securities reissued a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Finally, UBS Group boosted their price target on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $34.89.

Insider Buying and Selling

In related news, CFO James Miln sold 7,235 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.61, for a total value of $192,523.35. Following the completion of the transaction, the chief financial officer now owns 131,090 shares of the company's stock, valued at $3,488,304.90. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emily Rollins sold 10,041 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $30.70, for a total transaction of $308,258.70. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,297 shares of company stock valued at $2,214,438 over the last quarter. Corporate 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.