BIT Capital GmbH Raises Stake in Xometry, Inc. $XMTR

BIT Capital GmbH lifted its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 11.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 113,653 shares of the company’s stock after buying an additional 11,695 shares during the period. BIT Capital GmbH owned 0.22% of Xometry worth $6,191,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Hood River Capital Management LLC boosted its stake in Xometry by 29.7% in the 2nd quarter. Hood River Capital Management LLC now owns 404,853 shares of the company’s stock worth $13,680,000 after buying an additional 92,741 shares during the last quarter. Peregrine Investment Management Inc. acquired a new position in Xometry in the third quarter valued at $4,358,000. Squarepoint Ops LLC increased its stake in Xometry by 33.9% during the second quarter. Squarepoint Ops LLC now owns 183,799 shares of the company’s stock worth $6,211,000 after acquiring an additional 46,502 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Xometry by 246.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company’s stock worth $7,192,000 after purchasing an additional 93,917 shares in the last quarter. Finally, Sheets Smith Investment Management purchased a new stake in Xometry during the third quarter worth approximately $963,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Xometry

In other news, CTO Vaidyanathan Raghavan sold 3,570 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $66.51, for a total transaction of $237,440.70. Following the sale, the chief technology officer directly owned 38,397 shares in the company, valued at approximately $2,553,784.47. This represents a 8.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Subir Dutt sold 3,929 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $65.55, for a total value of $257,545.95. Following the completion of the sale, the insider directly owned 67,419 shares in the company, valued at $4,419,315.45. This represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 63,861 shares of company stock valued at $4,213,697 over the last ninety days. Insiders own 9.66% of the company’s stock.

Xometry Stock Up 2.2%

Shares of NASDAQ:XMTR opened at $58.89 on Friday. Xometry, Inc. has a 12-month low of $18.59 and a 12-month high of $73.87. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The firm has a market cap of $3.02 billion, a PE ratio of -47.11 and a beta of 0.86. The company has a fifty day simple moving average of $62.06 and a 200 day simple moving average of $55.75.

Analysts Set New Price Targets

Several research firms recently weighed in on XMTR. Citizens Jmp set a $75.00 target price on shares of Xometry in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised their price objective on Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Zacks Research downgraded Xometry from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group boosted their price target on Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.75.

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.