Bank of New York Mellon Corp Sells 448 Shares of Xometry, Inc. (NASDAQ:XMTR)

Bank of New York Mellon Corp decreased its position in Xometry, Inc. (NASDAQ:XMTR) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,605 shares of the company’s stock after selling 448 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.22% of Xometry worth $4,676,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Xometry in the fourth quarter worth about $30,297,000. Fred Alger Management LLC increased 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 purchasing an additional 312,971 shares during the last quarter. Sylebra Capital LLC lifted its stake 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 worth $33,008,000 after purchasing an additional 288,151 shares during the period. Finally, Primecap Management Co. CA grew 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 buying an additional 113,264 shares during the period. 97.31% of the stock is currently owned by institutional investors.

Xometry Trading Up 3.6 %

XMTR stock opened at $25.70 on Tuesday. 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 fifty-two week low of $11.08 and a fifty-two week high of $45.33. The firm has a fifty day moving average price of $32.08 and a 200 day moving average price of $28.64. The firm has a market cap of $1.29 billion, a PE ratio of -24.48 and a beta of 0.69.

Insiders Place Their Bets

In other Xometry news, CFO James Miln sold 5,386 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the transaction, the chief financial officer now directly owns 102,329 shares in the company, valued at $4,331,586.57. This represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter Goguen sold 940 shares of Xometry stock in a transaction that occurred on 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 $7,116,183.48. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,965 shares of company stock valued at $2,065,315 over the last 90 days. Insiders own 16.79% of the company’s stock.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of recent research reports. Cantor Fitzgerald raised their target price on Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, February 26th. Citigroup lowered their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada increased their target price 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. JMP Securities reiterated a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Finally, UBS Group raised their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.11.

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.