Legato Capital Management LLC Buys New Shares in Xometry, Inc. (NASDAQ:XMTR)

Legato Capital Management LLC bought a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 37,490 shares of the company’s stock, valued at approximately $1,599,000.

A number of other institutional investors also recently modified their holdings of XMTR. FMR LLC lifted its position in shares of Xometry by 40.2% during the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares during the period. Fred Alger Management LLC raised its holdings in Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after buying an additional 312,971 shares during the last quarter. Sylebra Capital LLC raised its holdings in Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after buying an additional 288,151 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Xometry by 191.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock worth $3,981,000 after buying an additional 142,262 shares during the last quarter. Finally, Primecap Management Co. CA raised its holdings in Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after buying an additional 113,264 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

XMTR opened at $35.04 on Wednesday. The firm has a market cap of $1.74 billion, a P/E ratio of -33.37 and a beta of 0.65. The firm has a 50-day moving average of $36.58 and a 200 day moving average of $26.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

Analyst Ratings Changes

Several research analysts have weighed in on XMTR shares. Citigroup upped their price objective on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. Craig Hallum upped their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, 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 note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Insider Activity at Xometry

In related news, COO Peter Goguen sold 3,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $34.50, for a total transaction of $103,500.00. Following the completion of the transaction, the chief operating officer now owns 164,993 shares in the company, valued at approximately $5,692,258.50. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Miln sold 5,386 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,312 shares of company stock worth $410,827. 16.79% of the stock is owned by company 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.