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

Allspring Global Investments Holdings LLC cut its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 209,149 shares of the company's stock after selling 9,926 shares during the period. Allspring Global Investments Holdings LLC owned 0.42% of Xometry worth $5,243,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its position in Xometry by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock worth $190,000 after purchasing an additional 333 shares during the period. GAMMA Investing LLC boosted its position in Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after purchasing an additional 618 shares during the period. State of Wyoming boosted its position in Xometry by 8.2% during the 4th quarter. State of Wyoming now owns 8,876 shares of the company's stock worth $379,000 after purchasing an additional 676 shares during the period. Comerica Bank boosted its position in Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after purchasing an additional 749 shares during the period. Finally, Arizona State Retirement System boosted its position in Xometry by 7.9% during the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock worth $520,000 after purchasing an additional 891 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XMTR shares. JPMorgan Chase & Co. upped their price target on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. Royal Bank Of Canada boosted their price objective on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Cantor Fitzgerald boosted their price objective on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group boosted their price objective on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.78.

Insider Transactions at Xometry

In other news, CEO Randolph Altschuler sold 9,332 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total value of $302,263.48. Following the sale, the chief executive officer owned 319,602 shares in the company, valued at approximately $10,351,908.78. This represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emily Rollins sold 10,041 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the sale, the director owned 11,105 shares in the company, valued at approximately $340,923.50. This trade represents a 47.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,373 shares of company stock worth $651,842. Company insiders own 9.66% of the company's stock.

Xometry Stock Up 3.3%

Shares of Xometry stock traded up $1.07 during trading on Friday, reaching $33.74. The company had a trading volume of 371,902 shares, compared to its average volume of 611,176. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -34.08 and a beta of 0.83. The firm's fifty day moving average is $32.28 and its 200-day moving average is $31.24. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.70 and a current ratio of 3.74. Xometry, Inc. has a fifty-two week low of $11.33 and a fifty-two week high of $45.33.

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.