Xometry, Inc. (NASDAQ:XMTR) Stock Position Lessened by Vitruvian Partners LLP

Vitruvian Partners LLP lessened its holdings in Xometry, Inc. (NASDAQ:XMTR) by 25.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,285 shares of the company’s stock after selling 93,200 shares during the period. Xometry accounts for approximately 9.8% of Vitruvian Partners LLP’s portfolio, making the stock its 4th largest holding. Vitruvian Partners LLP’s holdings in Xometry were worth $11,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in shares of Xometry during the fourth quarter valued at approximately $27,000. Arizona State Retirement System lifted its stake in shares of Xometry by 7.9% during the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock valued at $520,000 after buying an additional 891 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Xometry during the fourth quarter valued at approximately $73,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Xometry by 1.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company’s stock valued at $9,120,000 after buying an additional 2,375 shares during the period. Finally, State Street Corp lifted its stake in shares of Xometry by 0.3% during the third quarter. State Street Corp now owns 887,139 shares of the company’s stock valued at $16,297,000 after buying an additional 3,027 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. UBS Group upped their price target 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. Cantor Fitzgerald upped their price target 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 upped their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $48.00 price target on shares of Xometry in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.11.

Insider Activity at Xometry

In related news, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction on 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 directly owns 256,570 shares of the company’s stock, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Peter Goguen sold 940 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the sale, the chief operating officer now directly owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,965 shares of company stock valued at $2,050,643. Corporate insiders own 16.79% of the company’s stock.

Xometry Price Performance

Xometry stock opened at $25.72 on Friday. The firm has a fifty day moving average of $31.23 and a 200-day moving average of $28.76. The firm has a market capitalization of $1.29 billion, a P/E ratio of -24.50 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 quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

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.