Centiva Capital LP Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Centiva Capital LP purchased a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,552 shares of the company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates increased its stake in shares of Xometry by 0.6% during the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock worth $5,290,000 after acquiring an additional 1,586 shares during the period. Sei Investments Co. grew its position in Xometry by 0.8% during the second quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after buying an additional 1,708 shares during the period. US Bancorp DE grew its position in Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares during the period. nVerses Capital LLC acquired a new position in Xometry during the second quarter worth about $38,000. Finally, Rhumbline Advisers grew its position in Xometry by 6.8% during the second quarter. Rhumbline Advisers now owns 58,002 shares of the company’s stock worth $670,000 after buying an additional 3,690 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Xometry news, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total transaction of $498,245.12. Following the transaction, the chief technology officer now owns 77,856 shares of the company’s stock, valued at $2,341,908.48. This trade represents a 17.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Emily Rollins sold 3,729 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the completion of the sale, the director now directly owns 12,457 shares of the company’s stock, valued at $367,356.93. The trade was a 23.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,633 shares of company stock valued at $1,201,730 over the last quarter. Company insiders own 16.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup upped their target price on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group upped their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum increased their price target on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target 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 issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.71.

Xometry Stock Performance

Shares of XMTR opened at $32.90 on Wednesday. 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 company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -31.33 and a beta of 0.83. The company’s 50 day simple moving average is $25.38 and its 200 day simple moving average is $19.10. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $38.74.

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.