Allspring Global Investments Holdings LLC Increases Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

Allspring Global Investments Holdings LLC increased its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,075 shares of the company’s stock after acquiring an additional 2,375 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.44% of Xometry worth $9,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its stake 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 period. Weiss Asset Management LP bought a new stake in shares of Xometry during the 3rd quarter valued at $1,586,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Xometry during the 3rd quarter valued at $355,000. Versor Investments LP bought a new stake in shares of Xometry during the 3rd quarter valued at $411,000. Finally, Primecap Management Co. CA raised its stake 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 period. 97.31% of the stock is currently owned by institutional investors.

Xometry Price Performance

Shares of Xometry stock opened at $38.16 on Wednesday. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The stock’s fifty day moving average is $37.08 and its 200 day moving average is $27.34. The stock has a market cap of $1.89 billion, a P/E ratio of -36.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XMTR shares. Wedbush reissued an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 target price on shares of Xometry in a research note on Wednesday, November 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Insider Activity

In related news, COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total value of $103,500.00. Following the completion of the transaction, the chief operating officer now owns 164,993 shares in the company, valued at approximately $5,692,258.50. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,312 shares of company stock worth $517,537 over the last 90 days. Corporate insiders own 16.79% of the company’s stock.

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.