Allspring Global Investments Holdings LLC grew its position in shares of Xometry, Inc. (NASDAQ:XMTR – Free Report) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,580 shares of the company’s stock after purchasing an additional 19,431 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.45% of Xometry worth $7,504,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Corebridge Financial Inc. lifted its stake in Xometry by 1.6% during the first quarter. Corebridge Financial Inc. now owns 21,481 shares of the company’s stock worth $535,000 after purchasing an additional 348 shares in the last quarter. Zevenbergen Capital Investments LLC lifted its stake in Xometry by 5.1% during the first quarter. Zevenbergen Capital Investments LLC now owns 10,250 shares of the company’s stock worth $255,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC lifted its stake in Xometry by 160.1% during the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock worth $25,000 after purchasing an additional 618 shares in the last quarter. Swiss National Bank lifted its stake in Xometry by 1.6% during the first quarter. Swiss National Bank now owns 83,900 shares of the company’s stock worth $2,091,000 after purchasing an additional 1,300 shares in the last quarter. Finally, State of Wyoming lifted its stake in Xometry by 14.8% during the first quarter. State of Wyoming now owns 10,187 shares of the company’s stock worth $254,000 after purchasing an additional 1,311 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.
Xometry Trading Down 0.1%
XMTR opened at $47.02 on Monday. Xometry, Inc. has a one year low of $18.59 and a one year high of $58.03. The company has a market cap of $2.39 billion, a P/E ratio of -38.23 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.85 and a current ratio of 3.91. The business’s 50-day simple moving average is $50.13 and its 200-day simple moving average is $37.68.
Insider Activity
In other news, CFO James Miln sold 598 shares of Xometry stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $50.25, for a total transaction of $30,049.50. Following the sale, the chief financial officer owned 144,115 shares in the company, valued at approximately $7,241,778.75. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Randolph Altschuler sold 9,331 shares of Xometry stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $50.31, for a total value of $469,442.61. Following the sale, the chief executive officer owned 310,271 shares in the company, valued at $15,609,734.01. This trade represents a 2.92% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.66% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. UBS Group upped their price target on Xometry from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Cantor Fitzgerald upgraded Xometry from an “underweight” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of Xometry in a research note on Friday, July 11th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $49.00 price objective (up from $42.00) on shares of Xometry in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Xometry has an average rating of “Hold” and an average price target of $41.22.
Get Our Latest Stock Analysis on XMTR
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.
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