Primecap Management Co. CA Sells 416,290 Shares of Xometry, Inc. (NASDAQ:XMTR)

Primecap Management Co. CA lowered its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,501,962 shares of the company’s stock after selling 416,290 shares during the period. Primecap Management Co. CA owned 13.12% of Xometry worth $277,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in shares of Xometry during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Xometry during the 4th quarter worth approximately $73,000. Intech Investment Management LLC acquired a new position in shares of Xometry during the 3rd quarter worth approximately $205,000. Victory Capital Management Inc. acquired a new position in shares of Xometry during the 4th quarter worth approximately $219,000. Finally, Atria Investments Inc acquired a new position in shares of Xometry during the 4th quarter worth approximately $224,000. Institutional investors own 97.31% of the company’s stock.

Xometry Stock Performance

XMTR opened at $25.70 on Tuesday. The firm has a market cap of $1.29 billion, a P/E ratio of -24.48 and a beta of 0.69. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The business’s fifty day moving average is $32.08 and its 200-day moving average is $28.64.

Wall Street Analyst Weigh In

XMTR has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. Citigroup decreased their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. Finally, Cantor Fitzgerald upped their price objective on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.11.

Insider Transactions at Xometry

In related news, CFO James Miln sold 25,852 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the sale, the chief financial officer now directly owns 105,238 shares in the company, valued at $2,532,026.28. This represents a 19.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was 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 represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,965 shares of company stock valued at $2,065,315. 16.79% of the stock is owned by corporate insiders.

About Xometry

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.