Baillie Gifford & Co. Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Baillie Gifford & Co. purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 710,196 shares of the company’s stock, valued at approximately $30,297,000. Baillie Gifford & Co. owned 1.43% of Xometry at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Primecap Management Co. CA raised its holdings in shares of Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after acquiring an additional 113,264 shares during the period. FMR LLC raised its holdings in shares of Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares during the period. Fred Alger Management LLC raised its holdings in shares of Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after acquiring an additional 312,971 shares during the period. Sylebra Capital LLC raised its holdings in shares of Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after acquiring an additional 288,151 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Xometry by 4.3% during the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock valued at $18,291,000 after acquiring an additional 41,341 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Performance

XMTR stock opened at $37.45 on Tuesday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -35.67 and a beta of 0.65. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The firm has a 50 day moving average of $36.98 and a two-hundred day moving average of $27.16.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XMTR shares. JMP Securities reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective 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. Craig Hallum boosted their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Xometry has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Insiders Place Their Bets

In related news, COO Peter Goguen sold 3,000 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 161,993 shares of the company’s stock, valued at approximately $5,762,091.01. This represents a 1.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Miln sold 5,386 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This represents a 5.00 % 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 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.