Baillie Gifford & Co. Sells 11,063 Shares of Xometry, Inc. $XMTR

Baillie Gifford & Co. lessened its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,285,250 shares of the company’s stock after selling 11,063 shares during the period. Baillie Gifford & Co. owned approximately 2.53% of Xometry worth $70,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. increased its stake in Xometry by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after purchasing an additional 412 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Xometry in the third quarter valued at approximately $41,000. Global Retirement Partners LLC bought a new stake in shares of Xometry during the third quarter worth $47,000. KBC Group NV bought a new stake in shares of Xometry during the second quarter worth $55,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Xometry during the second quarter worth $117,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on XMTR shares. The Goldman Sachs Group upped their target price on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Citigroup restated an “outperform” rating on shares of Xometry in a report on Wednesday, November 5th. Cantor Fitzgerald upped their price objective on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Citizens Jmp lifted their target price on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $57.89.

Insider Activity at Xometry

In related news, CTO Vaidyanathan Raghavan sold 3,570 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $66.51, for a total transaction of $237,440.70. Following the transaction, the chief technology officer directly owned 38,397 shares in the company, valued at approximately $2,553,784.47. The trade was a 8.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Miln sold 6,203 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $66.51, for a total transaction of $412,561.53. Following the sale, the chief financial officer directly owned 134,397 shares in the company, valued at $8,938,744.47. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 63,436 shares of company stock worth $4,165,072. Insiders own 9.66% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $61.55 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.58. The business has a 50-day moving average of $60.88 and a 200-day moving average of $52.22. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -49.24 and a beta of 0.86. Xometry, Inc. has a fifty-two week low of $18.59 and a fifty-two week high of $69.26.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $180.72 million for the quarter, compared to analyst estimates of $168.25 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Xometry’s revenue was up 27.5% on a year-over-year basis. As a group, sell-side analysts predict that Xometry, Inc. will post -0.66 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.