Brown Capital Management LLC Has $82.14 Million Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

Brown Capital Management LLC reduced its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 8.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,471,372 shares of the company’s stock after selling 434,223 shares during the quarter. Xometry comprises 1.8% of Brown Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Brown Capital Management LLC owned about 0.09% of Xometry worth $82,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in XMTR. nVerses Capital LLC acquired a new stake in Xometry in the 2nd quarter worth approximately $38,000. ProShare Advisors LLC bought a new position in shares of Xometry in the second quarter valued at approximately $53,000. Point72 Asset Management L.P. acquired a new stake in shares of Xometry in the second quarter worth $55,000. US Bancorp DE boosted its holdings in shares of Xometry by 57.7% during the 3rd 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. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Xometry in the 2nd quarter valued at $129,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Activity

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Emily Rollins sold 3,729 shares of Xometry stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the sale, the director now directly owns 12,457 shares in the company, valued at $367,356.93. The trade was a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,633 shares of company stock worth $1,201,730. Corporate insiders own 16.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XMTR. Royal Bank of Canada boosted their target price on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Craig Hallum increased their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup lifted their price target on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group raised their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, JMP Securities increased their price target on shares of Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.71.

Xometry Stock Performance

Shares of Xometry stock opened at $29.65 on Thursday. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $38.74. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The company’s fifty day moving average price is $21.71 and its two-hundred day moving average price is $17.55.

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.