Xometry, Inc. $XMTR is Sylebra Capital LLC’s 7th Largest Position

Sylebra Capital LLC grew its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 31.3% in the first quarter, HoldingsChannel reports. The fund owned 535,624 shares of the company’s stock after buying an additional 127,637 shares during the quarter. Xometry makes up about 2.8% of Sylebra Capital LLC’s portfolio, making the stock its 7th largest position. Sylebra Capital LLC’s holdings in Xometry were worth $21,875,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new position in Xometry during the fourth quarter worth approximately $28,000. Quantbot Technologies LP acquired a new position in shares of Xometry in the 3rd quarter valued at $30,000. GAMMA Investing LLC grew its stake in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the period. Leonteq Securities AG purchased a new stake in shares of Xometry during the 4th quarter valued at $59,000. Finally, Comerica Bank increased its holdings in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Price Performance

XMTR stock opened at $82.99 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $106.08. The firm has a market cap of $4.30 billion, a P/E ratio of -81.36 and a beta of 1.27. The stock has a 50-day simple moving average of $91.18 and a 200-day simple moving average of $67.04.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. On average, equities analysts predict that Xometry, Inc. will post -0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

XMTR has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research note on Thursday, April 30th. Wedbush started coverage on Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. Finally, Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.25.

Insider Activity at Xometry

In other news, Director Randolph Altschuler sold 5,722 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total value of $533,862.60. Following the completion of the transaction, the director directly owned 428,750 shares in the company, valued at approximately $40,002,375. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.21, for a total transaction of $173,929.86. Following the sale, the chief technology officer directly owned 140,777 shares of the company’s stock, valued at approximately $13,121,824.17. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 80,496 shares of company stock valued at $7,124,340. 9.10% of the stock is currently owned by corporate insiders.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.