Xometry, Inc. $XMTR Stock Position Lessened by Vitruvian Partners LLP

Vitruvian Partners LLP trimmed its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 13.7% in the third quarter, HoldingsChannel reports. The firm owned 235,660 shares of the company’s stock after selling 37,400 shares during the period. Xometry makes up about 8.9% of Vitruvian Partners LLP’s portfolio, making the stock its 4th biggest holding. Vitruvian Partners LLP’s holdings in Xometry were worth $12,836,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of XMTR. Arizona State Retirement System grew its holdings in Xometry by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock valued at $713,000 after buying an additional 256 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Xometry by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after acquiring an additional 412 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Xometry by 3.5% in the third quarter. Arkadios Wealth Advisors now owns 12,210 shares of the company’s stock valued at $665,000 after acquiring an additional 418 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Xometry by 28.6% in the third quarter. CoreCap Advisors LLC now owns 2,250 shares of the company’s stock valued at $123,000 after acquiring an additional 500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Xometry by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,615 shares of the company’s stock worth $697,000 after purchasing an additional 608 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Randolph Altschuler sold 14,826 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $66.53, for a total transaction of $986,373.78. Following the completion of the sale, the chief executive officer owned 295,445 shares in the company, valued at approximately $19,655,955.85. The trade was a 4.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Sanjeev Singh Sahni sold 26,190 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the completion of the transaction, the president owned 63,130 shares in the company, valued at $4,133,121.10. The trade was a 29.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,861 shares of company stock valued at $4,213,697 in the last 90 days. 9.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on XMTR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. Citigroup reissued an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Zacks Research lowered shares of Xometry from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Citizens Jmp set a $75.00 target price on shares of Xometry in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $55.75.

Xometry Stock Down 3.8%

Shares of NASDAQ XMTR opened at $56.68 on Friday. The stock has a market capitalization of $2.90 billion, a PE ratio of -45.34 and a beta of 0.86. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average of $62.04 and a 200-day moving average of $55.93. Xometry, Inc. has a 52-week low of $18.59 and a 52-week high of $73.87.

Xometry 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.