Kopp Family Office LLC Has $3.44 Million Stock Position in Xometry, Inc. $XMTR

Kopp Family Office LLC cut its position in Xometry, Inc. (NASDAQ:XMTR) by 50.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,616 shares of the company’s stock after selling 36,824 shares during the quarter. Xometry comprises about 2.1% of Kopp Family Office LLC’s portfolio, making the stock its 7th biggest holding. Kopp Family Office LLC owned approximately 0.07% of Xometry worth $3,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XMTR. Kemnay Advisory Services Inc. acquired a new position in Xometry in the 4th quarter valued at $28,000. Quantbot Technologies LP acquired a new stake in shares of Xometry during the 3rd quarter worth $30,000. Leonteq Securities AG acquired a new stake in shares of Xometry during the 4th quarter worth $59,000. Comerica Bank increased its position in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after purchasing an additional 697 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Xometry

In other news, Director Lukas Alexander Biewald bought 47,058 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $3,999,930.00. Following the completion of the transaction, the director owned 55,134 shares of the company’s stock, valued at $4,686,390. This trade represents a 582.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Randolph Altschuler sold 50,000 shares of Xometry stock in a transaction dated 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 75,496 shares of company stock valued at $6,737,385. 9.10% of the stock is currently owned by corporate insiders.

Xometry Stock Performance

Shares of Xometry stock opened at $90.53 on Tuesday. The company’s 50 day moving average price is $90.45 and its two-hundred day moving average price is $68.64. The firm has a market capitalization of $4.69 billion, a P/E ratio of -150.88 and a beta of 1.30. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same period in the prior year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, equities analysts forecast that Xometry, Inc. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on XMTR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Royal Bank Of Canada boosted their price objective on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group upped their target price on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Citigroup raised their target price on Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Citizens Jmp lifted their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.88.

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.