Allspring Global Investments Holdings LLC Has $12.68 Million Stock Position in Xometry, Inc. $XMTR

Allspring Global Investments Holdings LLC reduced its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 9.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,105 shares of the company’s stock after selling 19,870 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.39% of Xometry worth $12,684,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Quantbot Technologies LP bought a new stake in shares of Xometry during the third quarter worth approximately $30,000. Advisors Asset Management Inc. boosted its stake in Xometry by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock valued at $34,000 after purchasing an additional 412 shares during the period. Westend Capital Management LLC acquired a new position in Xometry in the 3rd quarter valued at $41,000. GAMMA Investing LLC grew its holdings in Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in Xometry during the 3rd quarter worth $47,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Sanjeev Singh Sahni sold 26,190 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the sale, the president directly owned 63,130 shares in the company, valued at approximately $4,133,121.10. The trade was a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Randolph Altschuler sold 31,928 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $43.44, for a total value of $1,386,952.32. Following the completion of the transaction, the chief executive officer directly owned 372,377 shares of the company’s stock, valued at $16,176,056.88. This represents a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 127,254 shares of company stock worth $6,937,144 in the last ninety days. Insiders own 9.66% of the company’s stock.

Xometry Stock Performance

Shares of XMTR opened at $42.35 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.72 and a current ratio of 3.76. Xometry, Inc. has a 52-week low of $18.59 and a 52-week high of $73.87. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -34.71 and a beta of 0.88. The business’s fifty day moving average is $49.35 and its 200-day moving average is $54.68.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $192.40 million for the quarter, compared to the consensus estimate of $183.37 million. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. Equities analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

XMTR has been the topic of several research reports. William Blair restated an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Zacks Research raised shares of Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. UBS Group increased their target price on shares of Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada lowered their target price on shares of Xometry from $64.00 to $55.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. Finally, Wedbush dropped their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.00.

Xometry Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.