Driehaus Capital Management Reduces $41M in Xometry, Inc. ($XMTR)
Key Points
- Driehaus Capital Management changed its Xometry, Inc. ($XMTR) stake by 23.8% last quarter, cutting to 1,512,855 shares worth $131.60 million.
- Wall Street's consensus rating on $XMTR is Buy and an average price target of $85.12.
- $XMTR last traded around $86.99.
Driehaus Capital Management reduced its position in Xometry, Inc. ($XMTR) by 23.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,512,855 shares of Xometry, Inc. after selling 473,010 shares during the quarter. Driehaus Capital Management's holdings in Xometry, Inc. were worth $131.60 million as of its most recent filing.
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About Xometry, Inc.
Xometry, Inc. operates an artificial intelligence (AI) powered online manufacturing marketplace in the United States and internationally. The company's marketplace uses AI to assist buyers to source custom-manufactured parts and assemblies and attain instant pricing and lead times. It operates Xometry marketplace, an AI powered online marketplace that connects buyers with suppliers of manufacturing services; Xometry instant quoting engine, which prices transactions based on volume, manufacturing process, material, and location; and Thomasnet, an industrial sourcing platform that features an online directory of industrial suppliers, products, and services, as well as digital marketing services and insights to manufacturers and industrial services providers. The company also provides cloud-based systems, such as Workcenter, a financial service product that facilitates payments and a cloud-based manufacturing execution system; and Teamspace, a cloud-based solution within the Xometry platform that enables customers to collaborate with other users on projects and custom part orders. In addition, it offers computer numerical control (CNC) machining, injection molding, 3D printing, sheet forming and cutting, die casting, urethane casting, tube cutting, and tube bending, as well as finishing, rapid prototyping, and production services. It serves the aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, education, and robotics industries. The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015. Xometry, Inc. was incorporated in 2013 and is headquartered in North Bethesda, Maryland.
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