Xometry, Inc. (NASDAQ:XMTR) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 242.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 100,903 shares of the company's stock after buying an additional 71,425 shares during the period. Principal Financial Group Inc. owned 0.20% of Xometry worth $2,515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming lifted its holdings in Xometry by 8.2% during the fourth quarter. State of Wyoming now owns 8,876 shares of the company's stock worth $379,000 after acquiring an additional 676 shares in the last quarter. Vontobel Holding Ltd. bought a new position in Xometry during the first quarter worth about $420,000. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 24,634 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Xometry by 259.0% in the first quarter. SG Americas Securities LLC now owns 50,035 shares of the company's stock valued at $1,247,000 after purchasing an additional 36,097 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Xometry in the fourth quarter valued at about $259,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the sale, the director owned 11,105 shares in the company, valued at $340,923.50. This trade represents a 47.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Randolph Altschuler sold 9,332 shares of the firm's stock in a transaction dated 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 directly owned 319,602 shares in the company, valued at $10,351,908.78. This trade represents a 2.84% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on XMTR shares. Citigroup reiterated an "outperform" rating on shares of Xometry in a research note on Friday, July 11th. Cantor Fitzgerald boosted their price objective on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. 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 note on Wednesday, May 7th. Finally, The Goldman Sachs Group boosted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.78.

Xometry Price Performance

XMTR traded down $3.00 during trading on Tuesday, hitting $31.80. 911,235 shares of the company traded hands, compared to its average volume of 619,720. Xometry, Inc. has a 1 year low of $11.33 and a 1 year high of $45.33. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. The stock's 50-day simple moving average is $33.59 and its two-hundred day simple moving average is $30.61. The company has a market cap of $1.61 billion, a PE ratio of -32.12 and a beta of 0.83.

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.