Clearbridge Investments LLC Trims Stake in Xometry, Inc. (NASDAQ:XMTR)

Clearbridge Investments LLC lowered its position in Xometry, Inc. (NASDAQ:XMTR) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,177,415 shares of the company’s stock after selling 65,598 shares during the period. Clearbridge Investments LLC owned 2.38% of Xometry worth $50,229,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Xometry in the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new position in shares of Xometry in the 4th quarter worth about $73,000. Intech Investment Management LLC purchased a new position in Xometry during the 3rd quarter valued at about $205,000. Victory Capital Management Inc. bought a new stake in Xometry during the fourth quarter worth about $219,000. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in Xometry in the fourth quarter worth about $221,000. 97.31% of the stock is currently owned by institutional investors.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $24.92 on Tuesday. The firm’s 50-day moving average price is $30.38 and its 200-day moving average price is $29.19. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a market cap of $1.25 billion, a PE ratio of -23.73 and a beta of 0.69. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Analysts Set New Price Targets

A number of brokerages have recently commented on XMTR. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group increased their target price on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Citigroup dropped their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Royal Bank of Canada raised their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.11.

Insider Buying and Selling

In other news, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the transaction, the chief financial officer now directly owns 102,329 shares in the company, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the sale, the chief operating officer now owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,965 shares of company stock worth $2,050,643. 16.79% of the stock is owned by insiders.

Xometry 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.