Glynn Capital Management LLC Sells 1,931 Shares of Xometry, Inc. (NASDAQ:XMTR)

Glynn Capital Management LLC trimmed its position in Xometry, Inc. (NASDAQ:XMTR) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 361,747 shares of the company’s stock after selling 1,931 shares during the quarter. Xometry accounts for about 2.4% of Glynn Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Glynn Capital Management LLC’s holdings in Xometry were worth $12,990,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in XMTR. SG Americas Securities LLC bought a new stake in shares of Xometry in the third quarter worth about $560,000. Bank of New York Mellon Corp increased its holdings in shares of Xometry by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 152,545 shares of the company’s stock worth $2,590,000 after purchasing an additional 10,913 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Xometry in the third quarter worth about $180,000. Swiss National Bank grew its position in Xometry by 1.1% in the third quarter. Swiss National Bank now owns 84,400 shares of the company’s stock worth $1,433,000 after acquiring an additional 900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Xometry by 29.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock worth $5,080,000 after acquiring an additional 67,443 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Trading Down 0.8 %

Shares of NASDAQ:XMTR traded down $0.15 during trading hours on Wednesday, hitting $17.72. 226,210 shares of the company’s stock traded hands, compared to its average volume of 638,160. Xometry, Inc. has a 1 year low of $12.45 and a 1 year high of $38.74. The business has a fifty day moving average price of $18.81 and a 200-day moving average price of $23.79. The company has a quick ratio of 4.25, a current ratio of 4.28 and a debt-to-equity ratio of 0.85.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. The business had revenue of $128.15 million for the quarter, compared to analysts’ expectations of $127.78 million. Equities research analysts anticipate that Xometry, Inc. will post -0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XMTR shares. The Goldman Sachs Group dropped their price target on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada dropped their price target on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. UBS Group dropped their price target on Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. TheStreet lowered Xometry from a “c-” rating to a “d” rating in a research report on Thursday, February 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $30.00 price target on shares of Xometry in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Insider Buying and Selling at Xometry

In other Xometry news, COO Peter Goguen sold 3,943 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total transaction of $69,436.23. Following the completion of the transaction, the chief operating officer now owns 197,211 shares in the company, valued at $3,472,885.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO James M. Rallo sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total value of $154,250.00. Following the completion of the sale, the chief financial officer now owns 44,381 shares in the company, valued at $1,369,153.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter Goguen sold 3,943 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now owns 197,211 shares of the company’s stock, valued at approximately $3,472,885.71. The disclosure for this sale can be found here. Insiders sold 10,243 shares of company stock worth $247,252 over the last 90 days. Company insiders own 19.23% of the company’s stock.

Xometry 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.