Xometry, Inc. $XMTR Shares Purchased by BIT Capital GmbH

BIT Capital GmbH increased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 11.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 113,653 shares of the company’s stock after buying an additional 11,695 shares during the quarter. BIT Capital GmbH’s holdings in Xometry were worth $6,191,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sylebra Capital LLC lifted its holdings in Xometry by 9.6% in the 2nd quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock valued at $69,680,000 after acquiring an additional 180,533 shares during the last quarter. First Trust Advisors LP lifted its stake in Xometry by 42.9% during the second quarter. First Trust Advisors LP now owns 1,279,005 shares of the company’s stock valued at $43,218,000 after purchasing an additional 384,211 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Xometry by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 1,274,351 shares of the company’s stock valued at $43,060,000 after purchasing an additional 54,996 shares during the last quarter. Geode Capital Management LLC grew its position in Xometry by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,084,117 shares of the company’s stock worth $36,637,000 after buying an additional 9,360 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Xometry by 1.0% in the second quarter. New York State Common Retirement Fund now owns 951,142 shares of the company’s stock valued at $32,139,000 after buying an additional 9,054 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Insider Transactions at Xometry

In other Xometry news, President Sanjeev Singh Sahni sold 26,190 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the completion of the sale, the president owned 63,130 shares of the company’s stock, valued at $4,133,121.10. This represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Vaidyanathan Raghavan sold 3,570 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $66.51, for a total transaction of $237,440.70. Following the completion of the sale, the chief technology officer owned 38,397 shares of the company’s stock, valued at $2,553,784.47. The trade was a 8.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 63,861 shares of company stock worth $4,213,697. 9.66% of the stock is currently owned by company insiders.

Xometry Stock Up 2.2%

XMTR stock opened at $58.89 on Friday. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The firm has a market cap of $3.02 billion, a PE ratio of -47.11 and a beta of 0.86. Xometry, Inc. has a 1 year low of $18.59 and a 1 year high of $73.87. The company has a fifty day simple moving average of $62.06 and a 200 day simple moving average of $55.75.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XMTR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, January 21st. Zacks Research cut shares of Xometry from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. The Goldman Sachs Group raised their target price on Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Citigroup reiterated an “outperform” rating on shares of Xometry in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald upped their price objective on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Xometry currently has an average rating of “Hold” and an average target price of $55.75.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.