Nuveen Asset Management LLC Has $22.43 Million Stake in Xometry, Inc. (NASDAQ:XMTR)

Nuveen Asset Management LLC boosted its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,867 shares of the company's stock after purchasing an additional 8,589 shares during the period. Nuveen Asset Management LLC owned about 1.06% of Xometry worth $22,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Xometry in the fourth quarter valued at $27,000. Canada Pension Plan Investment Board bought a new position in Xometry in the fourth quarter valued at $38,000. Comerica Bank grew its position in Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after purchasing an additional 749 shares in the last quarter. CoreCap Advisors LLC bought a new position in Xometry in the fourth quarter valued at $51,000. Finally, SBI Securities Co. Ltd. bought a new position in Xometry in the fourth quarter valued at $73,000. Institutional investors own 97.31% of the company's stock.

Insider Buying and Selling

In related news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares of the company's stock, valued at approximately $6,824,762. The trade was a 9.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James Miln sold 7,235 shares of Xometry stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.61, for a total transaction of $192,523.35. Following the sale, the chief financial officer now directly owns 131,090 shares of the company's stock, valued at $3,488,304.90. The trade was a 5.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,297 shares of company stock valued at $2,214,438. Company insiders own 9.66% of the company's stock.

Xometry Stock Performance

Shares of XMTR stock traded down $1.07 during midday trading on Thursday, hitting $33.26. 166,235 shares of the company were exchanged, compared to its average volume of 598,662. The firm has a market capitalization of $1.67 billion, a P/E ratio of -31.61 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The firm's 50 day moving average price is $26.82 and its two-hundred day moving average price is $31.05. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price 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. JMP Securities reaffirmed a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. Citigroup decreased their price objective on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group lifted their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.

About Xometry

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.