Xometry, Inc. (NASDAQ:XMTR) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 408,419 shares of the company's stock after buying an additional 40,889 shares during the quarter. Northern Trust Corp owned 0.82% of Xometry worth $17,423,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of XMTR. Franklin Resources Inc. grew its holdings in Xometry by 32.9% during the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock worth $731,000 after buying an additional 9,625 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Xometry by 67.5% during the 4th quarter. SG Americas Securities LLC now owns 13,938 shares of the company's stock valued at $595,000 after buying an additional 5,616 shares in the last quarter. Caprock Group LLC bought a new position in Xometry during the 4th quarter worth approximately $274,000. Allspring Global Investments Holdings LLC grew its position in shares of Xometry by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock worth $9,120,000 after buying an additional 2,375 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of Xometry in the 4th quarter valued at approximately $1,599,000. Institutional investors own 97.31% of the company's stock.

Xometry Stock Up 0.2%

Shares of XMTR traded up $0.08 during midday trading on Tuesday, hitting $34.18. 33,543 shares of the company's stock traded hands, compared to its average volume of 595,011. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The firm's fifty day moving average is $25.60 and its 200-day moving average is $30.80. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -32.23 and a beta of 0.71.

Insider Activity

In other news, CFO James Miln sold 1,346 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total transaction of $33,824.98. Following the sale, the chief financial officer now directly owns 144,713 shares in the company, valued at $3,636,637.69. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. The trade was a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,297 shares of company stock worth $2,214,438. Insiders own 9.66% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup cut their price target on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald boosted their price target on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating and set a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. Finally, UBS Group upped their target price on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research note 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 issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

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.