Charles Schwab Investment Management Inc. Raises Holdings in Xometry, Inc. (NASDAQ:XMTR)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,156 shares of the company’s stock after buying an additional 11,307 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.74% of Xometry worth $15,620,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Xometry in the third quarter worth $355,000. Intech Investment Management LLC purchased a new position in Xometry in the third quarter worth $205,000. Primecap Management Co. CA grew its holdings in Xometry by 1.7% in the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after purchasing an additional 113,264 shares during the last quarter. FMR LLC grew its holdings in Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Xometry in the third quarter worth $383,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XMTR has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Citigroup cut their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. JMP Securities reiterated a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. 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 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.11.

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 940 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the transaction, the chief operating officer now owns 167,993 shares in the company, valued at approximately $7,116,183.48. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James Miln sold 25,852 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the transaction, the chief financial officer now owns 105,238 shares of the company’s stock, valued at approximately $2,532,026.28. This trade represents a 19.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,965 shares of company stock worth $2,050,643 over the last three months. Company insiders own 16.79% of the company’s stock.

Xometry Trading Down 2.4 %

NASDAQ XMTR opened at $25.63 on Friday. The company has a market capitalization of $1.29 billion, a PE ratio of -24.41 and a beta of 0.69. The company has a fifty day moving average of $31.39 and a 200 day moving average of $28.64. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

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.