Kopp Family Office LLC Sells 46,551 Shares of Xometry, Inc. $XMTR

Kopp Family Office LLC trimmed its stake in Xometry, Inc. (NASDAQ:XMTR) by 39.1% in the first quarter, HoldingsChannel.com reports. The firm owned 72,440 shares of the company’s stock after selling 46,551 shares during the period. Xometry accounts for about 2.0% of Kopp Family Office LLC’s investment portfolio, making the stock its 11th largest holding. Kopp Family Office LLC’s holdings in Xometry were worth $2,958,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XMTR. Faithward Advisors LLC lifted its holdings in Xometry by 1.2% during the 1st quarter. Faithward Advisors LLC now owns 232,849 shares of the company’s stock worth $9,510,000 after buying an additional 2,718 shares during the period. Values First Advisors Inc. increased its stake in shares of Xometry by 3.0% in the first quarter. Values First Advisors Inc. now owns 37,242 shares of the company’s stock valued at $1,521,000 after buying an additional 1,077 shares during the period. Peregrine Investment Management Inc. increased its stake in shares of Xometry by 98.9% in the first quarter. Peregrine Investment Management Inc. now owns 215,100 shares of the company’s stock valued at $8,785,000 after buying an additional 106,970 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Xometry by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after acquiring an additional 290 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Xometry during the fourth quarter worth about $15,938,000. 97.31% of the stock is owned by institutional investors.

Insider Transactions at Xometry

In other news, Director Emily Rollins sold 1,000 shares of Xometry stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $42.02, for a total value of $42,020.00. Following the completion of the sale, the director owned 15,136 shares in the company, valued at $636,014.72. The trade was a 6.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Randolph Altschuler sold 50,000 shares of Xometry stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $87.85, for a total transaction of $4,392,500.00. Following the completion of the sale, the chief executive officer owned 455,248 shares of the company’s stock, valued at $39,993,536.80. This represents a 9.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 68,943 shares of company stock valued at $5,989,621. 9.10% of the stock is owned by insiders.

Xometry Stock Down 0.3%

Shares of NASDAQ:XMTR opened at $91.51 on Thursday. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -89.72 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The business’s 50-day moving average is $75.83 and its 200-day moving average is $61.66. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $99.86.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. Equities research analysts predict that Xometry, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on XMTR shares. Wedbush reduced their target price on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. UBS Group raised their price target on shares of Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, Citigroup increased their price objective on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $76.00.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.