OLD National Bancorp IN Sells 22,500 Shares of Xometry, Inc. $XMTR

Key Points

• OLD National Bancorp IN reduced its holdings in Xometry, Inc. by 39.6%, selling 22,500 shares and leaving it with 34,292 shares valued at approximately $1.16 million as of the end of the last quarter.
• Xometry's stock has shown a significant increase of 2.4%, with a current price of $52.75 and a 1-year trading range between $16.26 and $58.03.
• Recent earnings reported a profit of $0.09 per share, exceeding analysts' expectations, alongside a 22.6% year-over-year revenue growth.

OLD National Bancorp IN cut its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 39.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,292 shares of the company's stock after selling 22,500 shares during the period. OLD National Bancorp IN owned about 0.07% of Xometry worth $1,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Corebridge Financial Inc. boosted its position in Xometry by 1.6% in the first quarter. Corebridge Financial Inc. now owns 21,481 shares of the company's stock worth $535,000 after purchasing an additional 348 shares during the last quarter. Zevenbergen Capital Investments LLC raised its stake in shares of Xometry by 5.1% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 10,250 shares of the company's stock worth $255,000 after purchasing an additional 500 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Xometry by 160.1% in the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after buying an additional 618 shares during the last quarter. Swiss National Bank grew its position in Xometry by 1.6% during the first quarter. Swiss National Bank now owns 83,900 shares of the company's stock valued at $2,091,000 after buying an additional 1,300 shares during the period. Finally, State of Wyoming increased its holdings in Xometry by 14.8% during the first quarter. State of Wyoming now owns 10,187 shares of the company's stock worth $254,000 after buying an additional 1,311 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Stock Up 2.4%

Xometry stock opened at $52.75 on Tuesday. Xometry, Inc. has a 1-year low of $16.26 and a 1-year high of $58.03. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -42.89 and a beta of 0.89. The company has a current ratio of 3.91, a quick ratio of 3.85 and a debt-to-equity ratio of 1.20. The firm has a 50 day simple moving average of $47.80 and a 200 day simple moving average of $36.16.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $162.55 million for the quarter, compared to the consensus estimate of $156.53 million. Xometry had a negative return on equity of 6.79% and a negative net margin of 10.20%.The business's quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Xometry has set its Q3 2025 guidance at EPS. On average, analysts predict that Xometry, Inc. will post -0.66 earnings per share for the current year.

Insider Activity

In other news, CFO James Miln sold 598 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $50.25, for a total value of $30,049.50. Following the sale, the chief financial officer directly owned 144,115 shares of the company's stock, valued at approximately $7,241,778.75. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Randolph Altschuler sold 9,331 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $50.31, for a total transaction of $469,442.61. Following the completion of the transaction, the chief executive officer owned 310,271 shares of the company's stock, valued at $15,609,734.01. This trade represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XMTR shares. UBS Group boosted their target price on shares of Xometry from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group lifted their price target on shares of Xometry from $33.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. JMP Securities increased their price objective on Xometry from $45.00 to $50.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Cantor Fitzgerald raised Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 target price for the company in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Xometry in a research report on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Xometry presently has an average rating of "Moderate Buy" and an average price target of $40.44.

Xometry 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.

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