Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Xometry, Inc. (NASDAQ:XMTR) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,360 shares of the company’s stock after selling 2,719 shares during the period. Commonwealth Equity Services LLC’s holdings in Xometry were worth $911,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XMTR. FMR LLC grew its position in shares of 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 acquiring an additional 1,169,778 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in Xometry during the 4th quarter worth $30,297,000. Sylebra Capital LLC boosted its stake in Xometry by 19.1% during the 3rd quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after purchasing an additional 288,151 shares during the period. Raymond James Financial Inc. purchased a new position in Xometry during the 4th quarter worth $12,284,000. Finally, Lisanti Capital Growth LLC acquired a new position in Xometry in the fourth quarter valued at $8,848,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO James Miln sold 25,852 shares of Xometry stock in a transaction 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 directly owns 105,238 shares of the company’s stock, valued at approximately $2,532,026.28. The trade was a 19.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Randolph Altschuler sold 27,566 shares of the company’s stock in a transaction on Friday, February 28th. The shares were 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 directly owns 256,570 shares in the company, valued at $6,824,762. This trade represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,965 shares of company stock worth $2,050,643. 16.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald increased their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. JMP Securities reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. Citigroup dropped their target price on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada increased their price target on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a research note 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’s stock. According to MarketBeat.com, Xometry presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $25.07 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The firm has a market capitalization of $1.26 billion, a P/E ratio of -23.88 and a beta of 0.69. The company’s fifty day moving average is $30.20 and its two-hundred day moving average is $29.23.

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.