State Board of Administration of Florida Retirement System Makes New Investment in Xometry, Inc. (NASDAQ:XMTR)

State Board of Administration of Florida Retirement System acquired a new position in Xometry, Inc. (NASDAQ:XMTRGet Rating) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,980 shares of the company’s stock, valued at approximately $542,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in shares of Xometry during the first quarter valued at $33,000. Ensign Peak Advisors Inc acquired a new stake in Xometry in the first quarter worth about $61,000. Ameritas Investment Partners Inc. lifted its holdings in Xometry by 209.7% in the first quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock worth $70,000 after purchasing an additional 1,296 shares during the period. Amalgamated Bank acquired a new stake in Xometry in the first quarter worth about $113,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in Xometry in the second quarter worth about $202,000. Institutional investors and hedge funds own 95.80% of the company’s stock.

Insider Buying and Selling at Xometry

In other Xometry news, CRO Bill Cronin sold 12,500 shares of Xometry stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $61.70, for a total transaction of $771,250.00. Following the transaction, the executive now owns 120,453 shares of the company’s stock, valued at approximately $7,431,950.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Randolph Altschuler sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $58.38, for a total transaction of $1,167,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,582 shares in the company, valued at $5,463,317.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Bill Cronin sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $61.70, for a total value of $771,250.00. Following the transaction, the executive now owns 120,453 shares of the company’s stock, valued at $7,431,950.10. The disclosure for this sale can be found here. Insiders have sold a total of 169,140 shares of company stock valued at $9,651,530 in the last 90 days. 30.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XMTR has been the topic of several research reports. The Goldman Sachs Group dropped their price target on shares of Xometry from $64.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, November 14th. UBS Group dropped their price target on shares of Xometry from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, November 11th. JPMorgan Chase & Co. dropped their price target on shares of Xometry from $100.00 to $65.00 in a research report on Wednesday, August 24th. CL King boosted their price target on shares of Xometry from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Royal Bank of Canada dropped their price target on shares of Xometry from $60.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

Xometry Price Performance

NASDAQ XMTR opened at $42.56 on Friday. The stock’s 50-day moving average price is $55.48 and its two-hundred day moving average price is $44.40. The company has a current ratio of 6.30, a quick ratio of 6.90 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.90 billion, a PE ratio of -26.11 and a beta of -0.14. Xometry, Inc. has a 1 year low of $26.61 and a 1 year high of $64.35.

Xometry Company Profile

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Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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Institutional Ownership by Quarter for Xometry (NASDAQ:XMTR)

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