Clearbridge Investments LLC Sells 30,003 Shares of Xometry, Inc. $XMTR

Clearbridge Investments LLC trimmed its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 708,080 shares of the company’s stock after selling 30,003 shares during the period. Clearbridge Investments LLC’s holdings in Xometry were worth $42,109,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Xometry during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC boosted its position in Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after acquiring an additional 162 shares in the last quarter. Leonteq Securities AG bought a new stake in Xometry during the 4th quarter valued at approximately $59,000. Comerica Bank boosted its position in Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after acquiring an additional 173 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Xometry in the 4th quarter worth approximately $71,000. 97.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Randolph Altschuler sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $87.85, for a total value of $4,392,500.00. Following the completion of the transaction, the chief executive officer directly owned 455,248 shares in the company, valued at $39,993,536.80. The trade was a 9.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emily Rollins sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $42.02, for a total transaction of $42,020.00. Following the completion of the transaction, the director owned 15,136 shares of the company’s stock, valued at approximately $636,014.72. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 68,943 shares of company stock worth $5,989,621 over the last 90 days. 9.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on XMTR shares. Citizens Jmp boosted their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. William Blair reissued an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. UBS Group boosted their price target on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Wedbush dropped their price target on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.

Xometry Stock Performance

Shares of XMTR opened at $81.03 on Wednesday. Xometry, Inc. has a 52 week low of $29.60 and a 52 week high of $99.86. The stock has a market cap of $4.20 billion, a P/E ratio of -79.44 and a beta of 1.27. The business’s 50 day moving average price is $65.41 and its 200-day moving average price is $59.17. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. During the same period in the previous year, the business earned ($0.05) EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Equities research analysts anticipate that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.