Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 97.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,562 shares of the company's stock after selling 4,176,439 shares during the quarter. Bank of America Corp DE owned 0.22% of Xometry worth $4,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. First Trust Advisors LP raised its position in Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock worth $34,873,000 after acquiring an additional 781,049 shares during the period. Baillie Gifford & Co. bought a new stake in shares of Xometry during the 4th quarter valued at $30,297,000. Ameriprise Financial Inc. increased its stake in shares of Xometry by 225.7% in the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after purchasing an additional 590,974 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Xometry in the 4th quarter worth $17,623,000. Finally, Raymond James Financial Inc. bought a new position in Xometry in the 4th quarter worth $12,284,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Activity at Xometry

In other news, Director Emily Rollins sold 10,041 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the sale, the director now owns 11,105 shares in the company, valued at approximately $340,923.50. The trade was a 47.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James Miln sold 25,852 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the transaction, the chief financial officer now directly owns 105,238 shares of the company's stock, valued at $2,532,026.28. This trade represents a 19.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,496 shares of company stock valued at $1,288,659. Insiders own 9.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on XMTR. Royal Bank of Canada boosted their price target on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Citigroup reduced their target price 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. JPMorgan Chase & Co. dropped their price target on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald upped their target price on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. Finally, JMP Securities restated a "market outperform" rating and issued a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

Xometry Price Performance

Shares of XMTR stock traded up $0.20 on Friday, reaching $33.07. The company's stock had a trading volume of 607,163 shares, compared to its average volume of 602,557. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -31.49 and a beta of 0.71. The stock's fifty day simple moving average is $27.06 and its 200-day simple moving average is $31.07. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 1 year low of $11.08 and a 1 year 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.