ARK Investment Management LLC Sells 102,656 Shares of Xometry, Inc. (NASDAQ:XMTR)

ARK Investment Management LLC cut its stake in Xometry, Inc. (NASDAQ:XMTR) by 36.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,478 shares of the company’s stock after selling 102,656 shares during the quarter. ARK Investment Management LLC owned 0.37% of Xometry worth $7,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in shares of Xometry in the fourth quarter worth approximately $583,000. Global Retirement Partners LLC purchased a new position in shares of Xometry in the fourth quarter worth approximately $27,000. Truist Financial Corp purchased a new position in shares of Xometry in the fourth quarter worth approximately $225,000. AlphaCentric Advisors LLC purchased a new position in shares of Xometry in the fourth quarter worth approximately $533,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Xometry in the fourth quarter worth approximately $1,258,000. 97.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO James Miln sold 5,386 shares of Xometry stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now owns 102,329 shares in the company, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Peter Goguen sold 940 shares of Xometry stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the sale, the chief operating officer now owns 167,993 shares in the company, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,312 shares of company stock worth $517,537 over the last quarter. Insiders own 16.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XMTR. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. Wedbush reissued an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. Citigroup raised their price objective on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Xometry presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $28.43 on Wednesday. The company has a market capitalization of $1.41 billion, a P/E ratio of -27.08 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The firm’s 50 day simple moving average is $36.80 and its two-hundred day simple moving average is $28.02.

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.