Xometry, Inc. (NASDAQ:XMTR) Stock Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 242.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 100,903 shares of the company's stock after buying an additional 71,425 shares during the period. Principal Financial Group Inc. owned about 0.20% of Xometry worth $2,515,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. First Trust Advisors LP grew its position in shares of Xometry by 2,144.2% during the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock valued at $34,873,000 after acquiring an additional 781,049 shares during the period. Ameriprise Financial Inc. boosted its holdings in 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 buying an additional 590,974 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in Xometry in the 4th quarter worth about $17,623,000. Driehaus Capital Management LLC acquired a new stake in Xometry in the 4th quarter worth about $16,551,000. Finally, Polar Capital Holdings Plc acquired a new stake in Xometry in the 4th quarter worth about $14,070,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insiders Place Their Bets

In related news, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction on Friday, May 9th. The shares were sold at an average price of $30.70, for a total transaction of $308,258.70. Following the transaction, the director owned 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction of $302,263.48. Following the transaction, the chief executive officer owned 319,602 shares in the company, valued at $10,351,908.78. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XMTR. UBS Group boosted their target price on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Citigroup reaffirmed an "outperform" rating on shares of Xometry in a research report on Friday, July 11th. Royal Bank Of Canada lifted their price target 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. The Goldman Sachs Group lifted their price target 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, JPMorgan Chase & Co. lifted their price target on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. One 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.78.

Xometry Price Performance

NASDAQ XMTR traded down $0.17 during mid-day trading on Friday, reaching $35.05. 759,664 shares of the stock were exchanged, compared to its average volume of 618,537. Xometry, Inc. has a 1-year low of $11.33 and a 1-year high of $45.33. The business's fifty day simple moving average is $33.59 and its 200 day simple moving average is $30.77. The company has a quick ratio of 3.70, a current ratio of 3.74 and a debt-to-equity ratio of 0.91.

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.