California State Teachers Retirement System Purchases 2,015 Shares of Xometry, Inc. (NASDAQ:XMTR)

California State Teachers Retirement System increased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,288 shares of the company’s stock after buying an additional 2,015 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Xometry worth $1,676,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its position in shares of Xometry by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock valued at $190,000 after buying an additional 333 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Xometry in the fourth quarter worth $27,000. State of Wyoming raised its stake in Xometry by 8.2% in the 4th quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after acquiring an additional 676 shares during the period. Comerica Bank raised its position in shares of Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares during the period. Finally, Arizona State Retirement System raised its holdings in Xometry by 7.9% during the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock valued at $520,000 after acquiring an additional 891 shares during the period. Institutional investors own 97.31% of the company’s stock.

Insiders Place Their Bets

In other Xometry news, Director Emily Rollins sold 2,000 shares of the business’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the sale, the director now directly owns 16,146 shares of the company’s stock, valued at approximately $333,576.36. The trade was a 11.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Miln sold 1,346 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total transaction of $33,824.98. Following the sale, the chief financial officer now owns 144,713 shares of the company’s stock, valued at approximately $3,636,637.69. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,644 shares of company stock worth $666,660. 9.66% of the stock is owned by corporate insiders.

Xometry Stock Performance

Xometry stock opened at $36.75 on Monday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -35.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock’s 50 day simple moving average is $27.94 and its two-hundred day simple moving average is $31.24. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Xometry from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, June 3rd. The Goldman Sachs Group raised their price target on Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Citigroup lowered their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald boosted their target price on Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Wednesday, May 7th. Finally, UBS Group upped their price target on shares of Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.78.

Xometry Company 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.