Gilder Gagnon Howe & Co. LLC boosted its stake in Xometry, Inc. (NASDAQ:XMTR – Get Rating) by 39.5% during the 1st quarter, HoldingsChannel reports. The fund owned 1,328,751 shares of the company's stock after acquiring an additional 376,443 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Xometry were worth $48,832,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in XMTR. Highland Management Partners 9 LLC acquired a new stake in Xometry in the 4th quarter valued at $281,740,000. Foundry Group LLC acquired a new position in shares of Xometry during the 4th quarter worth about $167,923,000. Vanguard Group Inc. increased its stake in shares of Xometry by 245.6% during the 1st quarter. Vanguard Group Inc. now owns 2,012,915 shares of the company's stock worth $73,975,000 after purchasing an additional 1,430,477 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xometry by 2.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,936,109 shares of the company's stock worth $71,152,000 after purchasing an additional 48,443 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Xometry by 54.5% during the 1st quarter. Blair William & Co. IL now owns 1,392,792 shares of the company's stock worth $51,185,000 after purchasing an additional 491,144 shares during the last quarter. 95.80% of the stock is owned by institutional investors.
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Insider Activity at Xometry
In other Xometry news, CFO James M. Rallo sold 10,000 shares of the business's stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $33.56, for a total value of $335,600.00. Following the completion of the sale, the chief financial officer now owns 21,687 shares of the company's stock, valued at approximately $727,815.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Xometry news, CFO James M. Rallo sold 10,000 shares of the business's stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $33.56, for a total value of $335,600.00. Following the completion of the sale, the chief financial officer now owns 21,687 shares of the company's stock, valued at approximately $727,815.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Peter Goguen sold 4,000 shares of the business's stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $54.00, for a total transaction of $216,000.00. Following the completion of the sale, the chief operating officer now directly owns 116,252 shares of the company's stock, valued at approximately $6,277,608. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,500 shares of company stock worth $4,393,605. Insiders own 30.21% of the company's stock.
Xometry Stock Performance
XMTR traded up $0.14 on Monday, reaching $58.50. The company had a trading volume of 12,190 shares, compared to its average volume of 552,445. Xometry, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $69.51. The stock has a market cap of $2.61 billion, a P/E ratio of -35.31 and a beta of 0.04. The company's fifty day moving average is $43.14 and its 200 day moving average is $38.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.90 and a current ratio of 6.93.
Analyst Upgrades and Downgrades
XMTR has been the topic of several recent analyst reports. CL King boosted their price objective on shares of Xometry from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, August 11th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $44.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, August 11th. Royal Bank of Canada boosted their price objective on shares of Xometry from $46.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. lowered their price objective on shares of Xometry from $100.00 to $65.00 in a research note on Wednesday, August 24th. Finally, Loop Capital decreased their price target on shares of Xometry from $50.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, July 19th.
Xometry Company Profile
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Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.
Further Reading
- Get a free copy of the StockNews.com research report on Xometry (XMTR)
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