Legato Capital Management LLC Invests $1.60 Million in Xometry, Inc. (NASDAQ:XMTR)

Legato Capital Management LLC bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,490 shares of the company’s stock, valued at approximately $1,599,000. Legato Capital Management LLC owned about 0.08% of Xometry as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Primecap Management Co. CA raised its stake in Xometry by 1.7% in the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after purchasing an additional 113,264 shares in the last quarter. FMR LLC raised its stake in Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares in the last quarter. Fred Alger Management LLC raised its stake in Xometry by 20.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after purchasing an additional 312,971 shares in the last quarter. Sylebra Capital LLC raised its stake in Xometry by 19.1% in the 3rd quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after purchasing an additional 288,151 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Xometry by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock worth $18,291,000 after purchasing an additional 41,341 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XMTR. The Goldman Sachs Group lifted their price objective on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. UBS Group lifted their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Wedbush reissued an “outperform” rating and issued a $48.00 target price on shares of Xometry in a report on Friday, December 20th. Finally, Citigroup raised their target price on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Xometry currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 940 shares of the business’s 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 directly owns 167,993 shares of the company’s stock, valued at $7,116,183.48. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Miln sold 5,386 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $4,331,586.57. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,312 shares of company stock valued at $410,827. 16.79% of the stock is owned by insiders.

Xometry Trading Down 4.2 %

Shares of Xometry stock opened at $35.04 on Wednesday. The firm has a market capitalization of $1.74 billion, a PE ratio of -33.37 and a beta of 0.65. 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 firm’s 50 day moving average is $36.58 and its 200 day moving average is $26.52. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33.

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.