Harvest Fund Management Co. Ltd Makes New $484,000 Investment in Xometry, Inc. (NASDAQ:XMTR)

Harvest Fund Management Co. Ltd acquired a new position in Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,348 shares of the company’s stock, valued at approximately $484,000.

Several other hedge funds have also added to or reduced their stakes in XMTR. FMR LLC raised its position in Xometry by 40.2% in 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 period. Baillie Gifford & Co. bought a new stake in Xometry in the fourth quarter worth about $30,297,000. Fred Alger Management LLC raised its position in Xometry by 20.8% in the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after acquiring an additional 312,971 shares during the period. Sylebra Capital LLC raised its position in Xometry by 19.1% in the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after acquiring an additional 288,151 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Xometry in the fourth quarter valued at approximately $12,284,000. Institutional investors own 97.31% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $25.72 on Friday. The company has a 50 day moving average of $31.23 and a 200 day moving average of $28.69. The stock has a market cap of $1.29 billion, a P/E ratio of -24.50 and a beta of 0.69. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Insider Activity at Xometry

In other Xometry news, CFO James Miln sold 25,852 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the transaction, the chief financial officer now owns 105,238 shares of the company’s stock, valued at $2,532,026.28. The trade was a 19.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Randolph Altschuler sold 27,566 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the transaction, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at approximately $6,824,762. This represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,965 shares of company stock valued at $2,050,643. Corporate insiders own 16.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XMTR shares. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Citigroup lowered their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xometry presently has an average rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Profile

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.