6,419 Shares in Xometry, Inc. (NASDAQ:XMTR) Bought by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,419 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors have also modified their holdings of XMTR. US Bancorp DE lifted its stake in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after buying an additional 2,037 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Xometry in the third quarter valued at approximately $153,000. Palumbo Wealth Management LLC purchased a new stake in shares of Xometry during the third quarter worth approximately $191,000. Intech Investment Management LLC acquired a new position in Xometry in the 3rd quarter valued at $205,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Xometry by 30.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,590 shares of the company’s stock valued at $238,000 after purchasing an additional 4,842 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Buying and Selling

In related news, COO Peter Goguen sold 940 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the transaction, the chief operating officer now owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Matthew Leibel sold 16,564 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total value of $498,245.12. Following the completion of the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at approximately $2,341,908.48. The trade was a 17.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,876 shares of company stock valued at $1,069,072. 16.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Craig Hallum upped their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group boosted their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and increased their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, Royal Bank of Canada boosted their price objective on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.33.

Xometry Price Performance

NASDAQ:XMTR opened at $36.21 on Friday. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The stock’s fifty day moving average is $36.32 and its two-hundred day moving average is $25.93. The company has a market capitalization of $1.79 billion, a P/E ratio of -34.49 and a beta of 0.65. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Xometry Company 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.