Kopp Family Office LLC Sells 36,824 Shares of Xometry, Inc. $XMTR

Kopp Family Office LLC decreased its holdings in Xometry, Inc. (NASDAQ:XMTR) by 50.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,616 shares of the company’s stock after selling 36,824 shares during the quarter. Xometry makes up 2.1% of Kopp Family Office LLC’s investment portfolio, making the stock its 7th biggest holding. Kopp Family Office LLC’s holdings in Xometry were worth $3,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XMTR. Kemnay Advisory Services Inc. acquired a new position in Xometry during the 4th quarter worth about $28,000. Quantbot Technologies LP acquired a new stake in shares of Xometry in the third quarter valued at about $30,000. Leonteq Securities AG acquired a new stake in shares of Xometry in the fourth quarter valued at about $59,000. Comerica Bank raised its position in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after acquiring an additional 697 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XMTR. The Goldman Sachs Group upped their target price on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. UBS Group boosted their price target on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, Citigroup increased their price objective on shares of Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.88.

Insider Transactions at Xometry

In other news, insider Subir Dutt sold 1,073 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.39, for a total transaction of $100,207.47. Following the transaction, the insider owned 93,716 shares of the company’s stock, valued at $8,752,137.24. This represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO James Miln sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $87.92, for a total value of $131,880.00. Following the completion of the sale, the chief financial officer owned 177,631 shares of the company’s stock, valued at approximately $15,617,317.52. This represents a 0.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 75,496 shares of company stock valued at $6,737,385. 9.10% of the stock is owned by insiders.

Xometry Stock Performance

Shares of XMTR stock opened at $90.53 on Tuesday. The firm has a 50 day moving average of $90.45 and a 200-day moving average of $68.64. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -150.88 and a beta of 1.30. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $106.08.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $229.28 million for the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. On average, equities analysts forecast that Xometry, Inc. will post -0.13 earnings per share for the current year.

Xometry Company Profile

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.