ARK Investment Management LLC Sells 102,656 Shares of Xometry, Inc. (NASDAQ:XMTR)

ARK Investment Management LLC decreased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 36.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,478 shares of the company’s stock after selling 102,656 shares during the period. ARK Investment Management LLC’s holdings in Xometry were worth $7,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Primecap Management Co. CA increased its position in Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after acquiring an additional 113,264 shares during the last quarter. FMR LLC increased its position in Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares during the last quarter. Fred Alger Management LLC increased its position in Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after acquiring an additional 312,971 shares during the last quarter. Sylebra Capital LLC increased its position in Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after acquiring an additional 288,151 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Xometry by 4.3% during the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock valued at $18,291,000 after purchasing an additional 41,341 shares during the period. Institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XMTR. UBS Group boosted their target price on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and set a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Citigroup boosted their target price on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Craig Hallum boosted their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Insider Buying and Selling

In other Xometry news, COO Peter Goguen sold 940 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the sale, the chief operating officer now directly owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James Miln sold 5,386 shares of the stock in a transaction dated Friday, January 3rd. The shares were 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 approximately $4,331,586.57. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,312 shares of company stock valued at $517,537 over the last three months. 16.79% of the stock is owned by company insiders.

Xometry Stock Down 9.2 %

NASDAQ:XMTR opened at $28.43 on Wednesday. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The company has a 50-day moving average of $36.80 and a 200 day moving average of $28.02. The firm has a market cap of $1.41 billion, a PE ratio of -27.08 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

About Xometry

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.