Xometry, Inc. (NASDAQ:XMTR) Stake Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 22.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,030 shares of the company’s stock after selling 4,560 shares during the period. The Manufacturers Life Insurance Company’s holdings in Xometry were worth $294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Xometry by 0.6% during the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock worth $5,290,000 after purchasing an additional 1,586 shares in the last quarter. Sei Investments Co. grew its position in Xometry by 0.8% in the second quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after buying an additional 1,708 shares during the last quarter. US Bancorp DE grew its position in Xometry by 57.7% in the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares during the last quarter. nVerses Capital LLC purchased a new position in Xometry during the 2nd quarter worth approximately $38,000. Finally, Rhumbline Advisers grew its position in Xometry by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 58,002 shares of the company’s stock worth $670,000 after purchasing an additional 3,690 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Insider Activity

In related news, COO Peter Goguen sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the sale, the chief operating officer now owns 175,419 shares of the company’s stock, valued at $5,613,408. The trade was a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at $2,341,908.48. This represents a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,233 shares of company stock valued at $1,139,000. Insiders own 16.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XMTR. Royal Bank of Canada lifted their price objective on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. Citigroup boosted their price target on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group boosted their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Craig Hallum lifted their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Xometry presently has an average rating of “Hold” and an average target price of $27.71.

Xometry Stock Up 0.0 %

Shares of XMTR opened at $34.76 on Monday. The company has a 50-day simple moving average of $26.42 and a 200-day simple moving average of $19.50. The firm has a market capitalization of $1.72 billion, a P/E ratio of -33.10 and a beta of 0.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $38.74.

Xometry 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.