Xometry, Inc. (NASDAQ:XMTR) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in Xometry, Inc. (NASDAQ:XMTR) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,030 shares of the company’s stock after selling 1,540 shares during the quarter. US Bancorp DE’s holdings in Xometry were worth $172,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Xometry by 360.9% in 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 period. Weiss Asset Management LP acquired a new stake in shares of Xometry in the 3rd quarter valued at about $1,586,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Xometry in the 3rd quarter valued at about $355,000. Primecap Management Co. CA boosted its position in shares of Xometry by 1.7% in 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 period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Xometry by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock valued at $6,519,000 after purchasing an additional 16,396 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Xometry

In related news, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at $6,824,762. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Miln sold 25,852 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the transaction, the chief financial officer now directly owns 105,238 shares of the company’s stock, valued at $2,532,026.28. The trade was a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,965 shares of company stock valued at $2,065,315. Corporate insiders own 16.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Cantor Fitzgerald upped their target price on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. UBS Group upped their price objective on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price objective on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.11.

Xometry Stock Performance

Shares of XMTR stock opened at $24.80 on Friday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -23.62 and a beta of 0.69. The stock has a 50 day simple moving average of $32.41 and a 200-day simple moving average of $28.54. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. 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 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.