Zevenbergen Capital Investments LLC Lowers Holdings in Xometry, Inc. (NASDAQ:XMTR)

Zevenbergen Capital Investments LLC lessened its holdings in Xometry, Inc. (NASDAQ:XMTR) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,750 shares of the company’s stock after selling 1,350 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Xometry were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of XMTR. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Xometry during the third quarter valued at about $355,000. Intech Investment Management LLC acquired a new stake in Xometry in the third quarter valued at approximately $205,000. Charles Schwab Investment Management Inc. grew its holdings in Xometry by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock worth $6,519,000 after acquiring an additional 16,396 shares in the last quarter. FMR LLC increased its position in shares of Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after purchasing an additional 1,169,778 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Xometry in the third quarter valued at $383,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Stock Performance

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

Insiders Place Their Bets

In other news, CFO James Miln sold 5,386 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the sale, the chief financial officer now directly owns 102,329 shares in the company, valued at $4,331,586.57. This represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 73,965 shares of company stock valued at $2,050,643 in the last ninety days. Insiders own 16.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. Citigroup decreased their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a report on Monday, February 10th. Wedbush reissued an “outperform” rating and set a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. Finally, Cantor Fitzgerald raised their target price on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. One investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.11.

Xometry Company 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.