Castleark Management LLC Sells 112,710 Shares of Xometry, Inc. $XMTR

Castleark Management LLC lowered its stake in Xometry, Inc. (NASDAQ:XMTR) by 67.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,768 shares of the company’s stock after selling 112,710 shares during the quarter. Castleark Management LLC’s holdings in Xometry were worth $2,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XMTR. Fuller & Thaler Asset Management Inc. bought a new stake in Xometry during the fourth quarter worth about $76,393,000. Ameriprise Financial Inc. grew its stake in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares in the last quarter. Durable Capital Partners LP bought a new position in Xometry in the third quarter valued at approximately $36,455,000. Allspring Global Investments Holdings LLC increased its position in shares of Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after purchasing an additional 492,285 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of Xometry by 115.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Trading Down 0.5%

Xometry stock opened at $85.92 on Tuesday. The stock has a 50-day simple moving average of $91.27 and a 200 day simple moving average of $66.93. The stock has a market capitalization of $4.45 billion, a P/E ratio of -84.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. Xometry, Inc. has a 52 week low of $30.63 and a 52 week high of $106.08.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Analysts expect that Xometry, Inc. will post -0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XMTR shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price for the company in a research note on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Royal Bank Of Canada upped their price target on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Citizens Jmp increased their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Xometry presently has an average rating of “Hold” and an average price target of $84.25.

Insider Activity at Xometry

In other Xometry news, Director Lukas Alexander Biewald purchased 47,058 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the acquisition, the director directly owned 55,134 shares of the company’s stock, valued at $4,686,390. This trade represents a 582.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.21, for a total value of $173,929.86. Following the sale, the chief technology officer directly owned 140,777 shares of the company’s stock, valued at $13,121,824.17. This represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 80,496 shares of company stock worth $7,124,340 in the last three months. 9.10% of the stock is owned by company insiders.

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.