56,792 Shares in Xometry, Inc. (NASDAQ:XMTR) Bought by OLD National Bancorp IN

OLD National Bancorp IN acquired a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,792 shares of the company's stock, valued at approximately $1,415,000. OLD National Bancorp IN owned approximately 0.11% of Xometry as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in Xometry by 2.2% during the 1st quarter. Rhumbline Advisers now owns 60,682 shares of the company's stock valued at $1,512,000 after purchasing an additional 1,315 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Xometry by 6,381.9% during the first quarter. GAMMA Investing LLC now owns 25,020 shares of the company's stock worth $623,000 after buying an additional 24,634 shares in the last quarter. California State Teachers Retirement System raised its holdings in Xometry by 5.4% in the fourth quarter. California State Teachers Retirement System now owns 39,288 shares of the company's stock valued at $1,676,000 after acquiring an additional 2,015 shares in the last quarter. Centaurus Financial Inc. bought a new position in Xometry during the 4th quarter valued at $159,000. Finally, Sylebra Capital LLC grew its holdings in Xometry by 2.1% during the 4th quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company's stock worth $78,270,000 after acquiring an additional 37,883 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO James Miln sold 1,346 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total value of $33,824.98. Following the completion of the transaction, the chief financial officer now owns 144,713 shares in the company, valued at $3,636,637.69. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Emily Rollins sold 10,041 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was 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 of the company's stock, valued at $340,923.50. This trade represents a 47.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,644 shares of company stock worth $666,660. Insiders own 9.66% of the company's stock.

Xometry Stock Performance

Shares of XMTR traded down $1.68 during midday trading on Thursday, hitting $32.14. 611,395 shares of the stock traded hands, compared to its average volume of 617,304. The business's 50 day moving average price is $28.67 and its two-hundred day moving average price is $31.31. The firm has a market capitalization of $1.63 billion, a PE ratio of -30.61 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. 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.