Castleark Management LLC Invests $4.34 Million in Xometry, Inc. $XMTR

Castleark Management LLC purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 128,450 shares of the company’s stock, valued at approximately $4,340,000. Castleark Management LLC owned about 0.25% of Xometry at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Xometry by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company’s stock valued at $109,980,000 after purchasing an additional 120,065 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Xometry by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 367,934 shares of the company’s stock worth $9,169,000 after buying an additional 1,778 shares during the last quarter. Swiss National Bank lifted its position in Xometry by 1.6% in the first quarter. Swiss National Bank now owns 83,900 shares of the company’s stock worth $2,091,000 after buying an additional 1,300 shares during the last quarter. Nuveen LLC purchased a new position in Xometry during the first quarter worth $14,639,000. Finally, Raymond James Financial Inc. increased its position in Xometry by 1.5% during the first quarter. Raymond James Financial Inc. now owns 292,327 shares of the company’s stock valued at $7,285,000 after acquiring an additional 4,366 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Price Performance

XMTR opened at $58.00 on Monday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -46.40 and a beta of 0.86. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. Xometry, Inc. has a 12-month low of $18.59 and a 12-month high of $69.26. The business’s fifty day simple moving average is $55.43 and its 200-day simple moving average is $46.12.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The firm had revenue of $180.72 million during the quarter, compared to the consensus estimate of $168.25 million. During the same period in the previous year, the company posted $0.02 earnings per share. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. On average, equities research analysts anticipate that Xometry, Inc. will post -0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on XMTR. The Goldman Sachs Group raised their target price on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, October 8th. Cantor Fitzgerald boosted their price objective on Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Citigroup reiterated an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Finally, JMP Securities set a $75.00 target price on shares of Xometry in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Xometry has an average rating of “Hold” and an average price target of $57.89.

Insider Activity

In other news, insider Subir Dutt sold 2,075 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $60.00, for a total transaction of $124,500.00. Following the transaction, the insider directly owned 71,348 shares in the company, valued at approximately $4,280,880. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Miln sold 599 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $62.11, for a total transaction of $37,203.89. Following the completion of the transaction, the chief financial officer directly owned 141,796 shares of the company’s stock, valued at $8,806,949.56. This trade represents a 0.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,005 shares of company stock worth $631,147. Corporate insiders own 9.66% of the company’s stock.

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.