Xometry, Inc. (NASDAQ:XMTR) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 1.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,088 shares of the company’s stock after buying an additional 1,548 shares during the quarter. Cerity Partners LLC’s holdings in Xometry were worth $3,366,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Xometry by 160.1% in the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock valued at $25,000 after acquiring an additional 618 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Xometry in the 4th quarter valued at $38,000. Comerica Bank raised its position in Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Xometry during the 4th quarter worth $51,000. Finally, Centaurus Financial Inc. acquired a new stake in Xometry during the 4th quarter worth $159,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Transactions at Xometry

In other Xometry news, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $30.70, for a total value of $308,258.70. Following the sale, the director owned 11,105 shares of the company’s stock, valued at approximately $340,923.50. The trade was a 47.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randolph Altschuler sold 9,332 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total value of $302,263.48. Following the transaction, the chief executive officer owned 319,602 shares in the company, valued at $10,351,908.78. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is owned by company insiders.

Xometry Trading Down 0.5%

Shares of Xometry stock opened at $35.05 on Friday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -35.40 and a beta of 0.83. Xometry, Inc. has a 52-week low of $11.33 and a 52-week high of $45.33. The company’s 50-day simple moving average is $33.59 and its 200-day simple moving average is $30.77. The company has a quick ratio of 3.70, a current ratio of 3.74 and a debt-to-equity ratio of 0.91.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Cantor Fitzgerald raised their price target on Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, May 7th. Royal Bank Of Canada boosted their price target on Xometry from $32.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on Xometry from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group lifted their target price on Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.78.

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.