Los Angeles Capital Management LLC Takes $583,000 Position in Xometry, Inc. (NASDAQ:XMTR)

Los Angeles Capital Management LLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 13,665 shares of the company’s stock, valued at approximately $583,000.

Other institutional investors have also recently made changes to their positions in the company. Primecap Management Co. CA grew its stake in shares of Xometry by 1.7% in the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after acquiring an additional 113,264 shares in the last quarter. FMR LLC grew its stake in shares of Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after acquiring an additional 1,169,778 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of Xometry by 20.8% in the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after acquiring an additional 312,971 shares in the last quarter. Sylebra Capital LLC grew its stake in shares of Xometry by 19.1% in the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after acquiring an additional 288,151 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Insider Buying and Selling

In other Xometry news, CFO James Miln sold 5,386 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Peter Goguen sold 3,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00. Following the completion of the transaction, the chief operating officer now directly owns 161,993 shares of the company’s stock, valued at approximately $5,762,091.01. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,312 shares of company stock valued at $517,537 over the last ninety days. Corporate insiders own 16.79% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $27.32 on Monday. The company has a 50-day simple moving average of $36.13 and a 200-day simple moving average of $28.23. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -26.02 and a beta of 0.65.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. UBS Group boosted their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group boosted their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Finally, Cantor Fitzgerald upped their price objective on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.11.

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.