Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC trimmed its position in Xometry, Inc. (NASDAQ:XMTR) by 12.2% in the fourth quarter, Holdings Channel reports. The firm owned 9,750 shares of the company’s stock after selling 1,350 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Xometry were worth $416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Xometry during the 4th quarter valued at approximately $27,000. Arizona State Retirement System lifted its position in Xometry by 7.9% in the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock valued at $520,000 after purchasing an additional 891 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Xometry during the 4th quarter valued at about $73,000. Allspring Global Investments Holdings LLC grew its position in Xometry by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company’s stock worth $9,120,000 after purchasing an additional 2,375 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Xometry by 0.3% in the third quarter. State Street Corp now owns 887,139 shares of the company’s stock valued at $16,297,000 after purchasing an additional 3,027 shares during the period. 97.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Randolph Altschuler sold 27,566 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares in the company, valued at $6,824,762. The trade was a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter Goguen sold 940 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the transaction, the chief operating officer now directly owns 167,993 shares of the company’s stock, valued at $7,116,183.48. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,965 shares of company stock worth $2,050,643. Company insiders own 16.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XMTR shares. Royal Bank of Canada boosted their price objective on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. UBS Group increased their price target on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Cantor Fitzgerald increased their target price on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. Finally, Wedbush reiterated an “outperform” rating and set a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $25.72 on Monday. The stock’s fifty day simple moving average is $31.23 and its 200 day simple moving average is $28.83. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -24.50 and a beta of 0.69. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33.

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.