Clearbridge Investments LLC Lowers Stake in Xometry, Inc. (NASDAQ:XMTR)

Clearbridge Investments LLC cut its position in Xometry, Inc. (NASDAQ:XMTR) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,177,415 shares of the company’s stock after selling 65,598 shares during the quarter. Clearbridge Investments LLC’s holdings in Xometry were worth $50,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its holdings in Xometry by 40.2% in the 3rd 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 period. Baillie Gifford & Co. bought a new position in shares of Xometry in the fourth quarter worth about $30,297,000. Sylebra Capital LLC boosted its stake in shares of Xometry by 19.1% in the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after acquiring an additional 288,151 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Xometry during the fourth quarter worth about $12,284,000. Finally, Lisanti Capital Growth LLC bought a new stake in Xometry during the 4th quarter valued at approximately $8,848,000. 97.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Xometry news, CFO James Miln sold 25,852 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the transaction, the chief financial officer now owns 105,238 shares in the company, valued at $2,532,026.28. The trade was a 19.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. The trade was a 9.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,965 shares of company stock valued at $2,050,643. Company insiders own 16.79% of the company’s stock.

Xometry Stock Down 3.7 %

Shares of XMTR opened at $24.92 on Tuesday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average of $30.38 and a 200 day moving average of $29.19. The company has a market cap of $1.25 billion, a PE ratio of -23.73 and a beta of 0.69. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald lifted their price target on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. JMP Securities reissued a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. UBS Group lifted their price objective on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Wedbush reiterated an “outperform” rating and set a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.11.

Xometry Company 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.