Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in Xometry, Inc. (NASDAQ:XMTR) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,305 shares of the company’s stock after selling 9,492 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Xometry were worth $2,704,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Xometry by 29.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock valued at $5,080,000 after purchasing an additional 67,443 shares during the period. Primecap Management Co. CA grew its holdings in Xometry by 6.3% in the third quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock valued at $112,598,000 after purchasing an additional 390,933 shares during the period. Graham Capital Management L.P. acquired a new stake in Xometry in the third quarter valued at approximately $332,000. Vanguard Group Inc. boosted its stake in shares of Xometry by 4.5% in the third quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company’s stock worth $64,077,000 after acquiring an additional 161,226 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Xometry in the third quarter worth approximately $344,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Xometry

In other Xometry news, CFO James M. Rallo sold 5,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $33.02, for a total value of $165,100.00. Following the completion of the sale, the chief financial officer now directly owns 44,381 shares in the company, valued at approximately $1,465,460.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO James M. Rallo sold 5,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $33.02, for a total value of $165,100.00. Following the transaction, the chief financial officer now owns 44,381 shares of the company’s stock, valued at approximately $1,465,460.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Emily Rollins sold 1,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $32.39, for a total value of $32,390.00. Following the completion of the transaction, the director now directly owns 10,770 shares in the company, valued at approximately $348,840.30. The disclosure for this sale can be found here. Insiders sold a total of 16,243 shares of company stock worth $444,742 in the last three months. 19.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XMTR. Royal Bank of Canada lowered their price target on Xometry from $38.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. TheStreet lowered Xometry from a “c-” rating to a “d” rating in a research note on Thursday, February 29th. JMP Securities lifted their price target on Xometry from $26.00 to $42.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 3rd. The Goldman Sachs Group lowered their price target on Xometry from $46.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, UBS Group lowered their price target on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.67.

Xometry Stock Up 0.1 %

Shares of NASDAQ:XMTR opened at $16.07 on Friday. The company has a quick ratio of 4.25, a current ratio of 4.28 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $20.90 and a two-hundred day moving average of $23.77. The stock has a market cap of $780.68 million, a P/E ratio of -11.48 and a beta of 0.71. Xometry, Inc. has a 52-week low of $12.45 and a 52-week high of $38.74.

Xometry (NASDAQ:XMTR) last issued 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). The company had revenue of $128.15 million during the quarter, compared to analysts’ expectations of $127.78 million. Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. On average, research analysts expect that Xometry, Inc. will post -0.64 earnings per share for the current year.

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.