Polar Capital Holdings Plc Takes $14.07 Million Position in Xometry, Inc. (NASDAQ:XMTR)

Polar Capital Holdings Plc purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 329,811 shares of the company’s stock, valued at approximately $14,070,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC bought a new position in shares of Xometry during the 4th quarter valued at $511,000. Nuveen Asset Management LLC lifted its holdings in shares of Xometry by 1.7% during the 4th quarter. Nuveen Asset Management LLC now owns 525,867 shares of the company’s stock valued at $22,433,000 after buying an additional 8,589 shares during the period. Marathon Partners Equity Management LLC bought a new position in shares of Xometry during the 4th quarter valued at $10,857,000. Millennium Management LLC bought a new position in shares of Xometry during the 4th quarter valued at $880,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Xometry by 5.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,177 shares of the company’s stock valued at $1,031,000 after buying an additional 1,162 shares during the period. 97.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Xometry

In other Xometry news, Director Emily Rollins sold 2,000 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the transaction, the director now directly owns 16,146 shares in the company, valued at approximately $333,576.36. The trade was a 11.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Randolph Altschuler sold 27,566 shares of the business’s stock in a transaction dated 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 owns 256,570 shares of the company’s stock, valued at $6,824,762. This represents a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,297 shares of company stock valued at $2,214,438 in the last ninety days. Corporate insiders own 9.66% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 8th. UBS Group raised their target price on Xometry from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Cantor Fitzgerald raised their target price on Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, 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. 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 stock. According to data from MarketBeat, Xometry presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.89.

Xometry Stock Up 1.1%

Shares of NASDAQ XMTR opened at $33.11 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The company has a market cap of $1.67 billion, a P/E ratio of -31.53 and a beta of 0.71. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The firm has a 50-day simple moving average of $25.22 and a two-hundred day simple moving average of $30.47.

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.