Counterpoint Mutual Funds LLC Purchases Shares of 7,239 Xometry, Inc. (NASDAQ:XMTR)

Counterpoint Mutual Funds LLC purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,239 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its holdings in Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after buying an additional 1,169,778 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Xometry during the fourth quarter worth $30,297,000. Fred Alger Management LLC increased its holdings in Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after buying an additional 312,971 shares during the last quarter. Sylebra Capital LLC increased its holdings in Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after buying an additional 288,151 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Xometry during the fourth quarter worth $12,284,000. Institutional investors own 97.31% of the company’s stock.

Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares of the company’s stock, valued at $6,824,762. This represents a 9.70 % 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, CFO James Miln sold 5,386 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,979 shares of company stock valued at $2,025,796. 16.79% of the stock is owned by company insiders.

Xometry Trading Down 1.1 %

Shares of Xometry stock opened at $25.42 on Wednesday. The firm has a 50-day moving average of $31.81 and a 200-day moving average of $28.68. The stock has a market cap of $1.28 billion, a PE ratio of -24.21 and a beta of 0.69. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on XMTR shares. JMP Securities restated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. Cantor Fitzgerald lifted their price objective on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group lifted their price objective on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, Citigroup reduced their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.11.

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.