Xometry, Inc. (NASDAQ:XMTR) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA raised its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,918,252 shares of the company’s stock after acquiring an additional 113,264 shares during the quarter. Primecap Management Co. CA owned approximately 14.03% of Xometry worth $127,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XMTR. nVerses Capital LLC acquired a new position in Xometry in the 2nd quarter valued at $38,000. ProShare Advisors LLC purchased a new stake in shares of Xometry during the second quarter worth $53,000. Point72 Asset Management L.P. acquired a new stake in shares of Xometry in the second quarter valued at about $55,000. US Bancorp DE lifted its stake in shares of Xometry by 57.7% in the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Xometry during the second quarter worth about $129,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Insider Activity

In other Xometry news, Director Emily Rollins sold 3,729 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the sale, the director now directly owns 12,457 shares of the company’s stock, valued at approximately $367,356.93. This represents a 23.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Peter Goguen sold 12,000 shares of Xometry stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.55, for a total transaction of $354,600.00. Following the sale, the chief operating officer now directly owns 180,419 shares of the company’s stock, valued at approximately $5,331,381.45. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,633 shares of company stock worth $1,201,730. 16.79% of the stock is currently owned by company insiders.

Xometry Price Performance

NASDAQ:XMTR opened at $31.13 on Friday. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $38.74. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average price of $21.97 and a 200 day moving average price of $17.64.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Craig Hallum boosted their price objective on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group raised their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.71.

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.