Xometry, Inc. $XMTR Shares Sold by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reduced its Xometry stake by 1.9%, selling 984 shares and retaining 50,786 shares worth approximately $4.9 million. Institutional investors and hedge funds collectively own 97.31% of the company.
• Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year and above analyst expectations, while adjusted EPS of $0.16 narrowly exceeded consensus estimates.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $108.33; however, company insiders sold 55,553 shares worth about $5.1 million over the past 90 days.

California State Teachers Retirement System trimmed its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,786 shares of the company's stock after selling 984 shares during the period. California State Teachers Retirement System owned 0.10% of Xometry worth $4,901,865 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Leonteq Securities AG acquired a new stake in Xometry in the fourth quarter valued at $59,000. PNC Financial Services Group Inc. lifted its holdings in shares of Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock worth $67,000 after buying an additional 697 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in Xometry during the 2nd quarter valued at $97,000. Nykredit A S bought a new position in Xometry in the 2nd quarter worth about $103,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock worth $194,000 after purchasing an additional 290 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Stock Performance

NASDAQ XMTR traded up $0.55 during trading hours on Tuesday, hitting $85.58. The company's stock had a trading volume of 173,559 shares, compared to its average volume of 873,280. The company's 50 day simple moving average is $90.79 and its two-hundred day simple moving average is $73.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The company has a market cap of $4.44 billion, a P/E ratio of -141.94 and a beta of 1.32. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $106.08.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business had revenue of $229.28 million for the quarter, compared to the consensus estimate of $215.22 million. During the same quarter in the prior year, the company earned $0.09 EPS. The business's revenue was up 41.1% compared to the same quarter last year. As a group, sell-side analysts expect that Xometry, Inc. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald upped their price target on shares of Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Rosenblatt Securities assumed coverage on shares of Xometry in a report on Thursday, August 20th. They set a "buy" rating and a $110.00 price target for the company. Wedbush began coverage on Xometry in a research report on Thursday, July 16th. They set an "outperform" rating and a $126.00 target price for the company. Finally, UBS Group raised their price target on Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Xometry presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.33.

Insider Transactions at Xometry

In other Xometry news, Director Randolph Altschuler sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $90.82, for a total transaction of $908,200.00. Following the completion of the sale, the director directly owned 551,270 shares in the company, valued at $50,066,341.40. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of Xometry stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the sale, the chief technology officer owned 135,777 shares in the company, valued at approximately $13,139,140.29. This represents a 3.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 55,553 shares of company stock worth $5,116,368 in the last 90 days. Insiders own 9.10% of the company's stock.

Xometry Profile

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.

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