Eventide Asset Management LLC Has $81.17 Million Stake in Xometry, Inc. (NASDAQ:XMTR)

Eventide Asset Management LLC lowered its holdings in Xometry, Inc. (NASDAQ:XMTR) by 26.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,418,664 shares of the company’s stock after selling 1,601,903 shares during the quarter. Xometry comprises about 1.4% of Eventide Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Eventide Asset Management LLC owned 0.09% of Xometry worth $81,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its position in Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after buying an additional 2,140 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after acquiring an additional 76,976 shares during the last quarter. Bellecapital International Ltd. bought a new stake in shares of Xometry during the second quarter valued at approximately $6,281,000. Values First Advisors Inc. increased its holdings in shares of Xometry by 19.5% in the second quarter. Values First Advisors Inc. now owns 56,872 shares of the company’s stock valued at $657,000 after purchasing an additional 9,274 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Xometry by 21.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company’s stock worth $1,624,000 after purchasing an additional 25,247 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Buying and Selling at Xometry

In related news, COO Peter Goguen sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the sale, the chief operating officer now directly owns 175,419 shares of the company’s stock, valued at approximately $5,613,408. The trade was a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Matthew Leibel sold 16,564 shares of Xometry stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total value of $498,245.12. Following the completion of the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at $2,341,908.48. This represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,633 shares of company stock valued at $1,201,730. Company insiders own 16.79% of the company’s stock.

Xometry Stock Performance

Shares of NASDAQ:XMTR opened at $31.00 on Friday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $38.74. The company has a 50 day moving average price of $22.98 and a two-hundred day moving average price of $18.08.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XMTR shares. JMP Securities upped their price target on Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. UBS Group raised their target price on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” 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 stock a “buy” rating in a research note on Wednesday, November 6th. Citigroup raised their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada upped their target price on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.71.

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.