Franklin Resources Inc. Raises Holdings in Xometry, Inc. (NASDAQ:XMTR)

Franklin Resources Inc. increased its position in Xometry, Inc. (NASDAQ:XMTR) by 32.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,881 shares of the company’s stock after buying an additional 9,625 shares during the period. Franklin Resources Inc. owned 0.08% of Xometry worth $731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XMTR. Primecap Management Co. CA lifted its position in Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after purchasing an additional 113,264 shares during the last quarter. FMR LLC raised its position in shares of Xometry by 40.2% during the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after buying an additional 1,169,778 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Xometry by 20.8% during the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after buying an additional 312,971 shares in the last quarter. Sylebra Capital LLC lifted its holdings in shares of Xometry by 19.1% in the 3rd quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after acquiring an additional 288,151 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Xometry by 4.3% in the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock worth $18,291,000 after acquiring an additional 41,341 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Xometry

In related news, COO Peter Goguen sold 12,000 shares of Xometry stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $29.55, for a total value of $354,600.00. Following the completion of the sale, the chief operating officer now directly owns 180,419 shares in the company, valued at $5,331,381.45. The trade was a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 completion of the sale, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. This trade represents a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,219 shares of company stock valued at $1,178,519 in the last three months. Company insiders own 16.79% of the company’s stock.

Xometry Trading Down 1.1 %

NASDAQ XMTR opened at $44.18 on Monday. The stock has a market cap of $2.19 billion, a PE ratio of -42.08 and a beta of 0.83. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company’s 50-day moving average price is $30.82 and its 200-day moving average price is $21.33. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 price objective on shares of Xometry in a research report on Wednesday, November 6th. UBS Group raised their price target on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. 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 note on Wednesday, November 6th. The Goldman Sachs Group increased their target price on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.89.

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.