New York State Common Retirement Fund Lowers Stake in Xometry, Inc. (NASDAQ:XMTR)

New York State Common Retirement Fund lowered its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 902,608 shares of the company’s stock after selling 45,758 shares during the period. New York State Common Retirement Fund’s holdings in Xometry were worth $38,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Xometry by 360.9% during the 3rd quarter. Barclays PLC now owns 68,951 shares of the company’s stock valued at $1,266,000 after purchasing an additional 53,991 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Xometry during the 3rd quarter valued at $1,586,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Xometry during the 3rd quarter valued at $355,000. Versor Investments LP bought a new position in shares of Xometry during the 3rd quarter valued at $411,000. Finally, Primecap Management Co. CA grew its holdings in shares of Xometry by 1.7% during the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after purchasing an additional 113,264 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

XMTR has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their target price on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. UBS Group raised their price target on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Wedbush reissued an “outperform” rating and issued a $48.00 price target on shares of Xometry in a report on Friday, December 20th. Finally, JMP Securities reissued a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Xometry Trading Down 5.9 %

Shares of XMTR opened at $34.94 on Friday. The firm’s 50-day moving average price is $37.14 and its 200-day moving average price is $27.46. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -33.28 and a beta of 0.65. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33.

Insider Activity

In other news, COO Peter Goguen sold 986 shares of Xometry stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total transaction of $39,518.88. Following the sale, the chief operating officer now owns 168,933 shares of the company’s stock, valued at approximately $6,770,834.64. The trade was a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Miln sold 5,386 shares of Xometry stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now directly owns 102,329 shares in the company, valued at $4,331,586.57. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,312 shares of company stock valued at $517,537. Corporate insiders own 16.79% of the company’s stock.

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.