Xometry, Inc. $XMTR Position Cut by Brown Capital Management LLC

Brown Capital Management LLC reduced its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 45.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,611,682 shares of the company’s stock after selling 1,331,911 shares during the period. Xometry comprises about 3.6% of Brown Capital Management LLC’s holdings, making the stock its 8th largest holding. Brown Capital Management LLC’s holdings in Xometry were worth $87,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC boosted its holdings in Xometry by 248.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock valued at $29,053,000 after acquiring an additional 613,282 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Xometry in the second quarter valued at approximately $13,292,000. First Trust Advisors LP grew its holdings in shares of Xometry by 42.9% in the second quarter. First Trust Advisors LP now owns 1,279,005 shares of the company’s stock valued at $43,218,000 after purchasing an additional 384,211 shares in the last quarter. Invesco Ltd. increased its stake in Xometry by 476.1% during the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after buying an additional 197,013 shares during the period. Finally, Sylebra Capital LLC increased its stake in Xometry by 9.6% during the 2nd quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock worth $69,680,000 after buying an additional 180,533 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Insider Activity at Xometry

In other news, insider Subir Dutt sold 3,929 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $65.55, for a total value of $257,545.95. Following the completion of the sale, the insider directly owned 67,419 shares of the company’s stock, valued at approximately $4,419,315.45. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sanjeev Singh Sahni sold 26,190 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $65.47, for a total value of $1,714,659.30. Following the transaction, the president directly owned 63,130 shares in the company, valued at approximately $4,133,121.10. This represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 63,436 shares of company stock valued at $4,165,072 over the last 90 days. 9.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XMTR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, January 21st. Wedbush lifted their price objective on Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Citizens Jmp boosted their price objective on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. Zacks Research cut shares of Xometry from a “hold” rating to a “strong sell” rating in a report on Friday. Finally, JMP Securities set a $75.00 price target on shares of Xometry in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $57.89.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $58.91 on Tuesday. The stock’s 50-day simple moving average is $61.47 and its 200-day simple moving average is $53.48. The firm has a market capitalization of $3.02 billion, a PE ratio of -47.13 and a beta of 0.86. Xometry, Inc. has a fifty-two week low of $18.59 and a fifty-two week high of $69.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The company had revenue of $180.72 million for the quarter, compared to analyst estimates of $168.25 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. As a group, equities research analysts forecast that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.