15,980 Shares in Xometry, Inc. (NASDAQ:XMTR) Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System acquired a new stake in shares of Xometry, Inc. (NASDAQ:XMTRGet Rating) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 15,980 shares of the company’s stock, valued at approximately $542,000.

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in Xometry in the 1st quarter worth approximately $33,000. LVW Advisors LLC raised its holdings in Xometry by 11.4% in the 2nd quarter. LVW Advisors LLC now owns 9,326 shares of the company’s stock worth $316,000 after acquiring an additional 951 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Xometry by 209.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock worth $70,000 after acquiring an additional 1,296 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Xometry by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 112,080 shares of the company’s stock worth $4,119,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Xometry by 7.6% in the 1st quarter. Swiss National Bank now owns 19,800 shares of the company’s stock worth $728,000 after acquiring an additional 1,400 shares during the last quarter. 95.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XMTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Xometry from $100.00 to $65.00 in a report on Wednesday, August 24th. The Goldman Sachs Group decreased their target price on shares of Xometry from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, November 14th. UBS Group cut their price objective on shares of Xometry from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, November 11th. CL King boosted their price objective on shares of Xometry from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Finally, Royal Bank of Canada cut their price objective on shares of Xometry from $60.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, November 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.33.

Insider Buying and Selling

In other Xometry news, CRO Bill Cronin sold 12,500 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $61.70, for a total transaction of $771,250.00. Following the completion of the transaction, the executive now directly owns 120,453 shares in the company, valued at approximately $7,431,950.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Kathy Mayerhofer sold 1,640 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $60.00, for a total transaction of $98,400.00. Following the completion of the transaction, the insider now owns 36,083 shares of the company’s stock, valued at $2,164,980. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Bill Cronin sold 12,500 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $61.70, for a total transaction of $771,250.00. Following the completion of the sale, the executive now owns 120,453 shares in the company, valued at $7,431,950.10. The disclosure for this sale can be found here. Insiders sold a total of 169,140 shares of company stock worth $9,651,530 in the last 90 days. Company insiders own 30.21% of the company’s stock.

Xometry Stock Performance

NASDAQ:XMTR opened at $42.56 on Friday. Xometry, Inc. has a 1-year low of $26.61 and a 1-year high of $64.35. The company’s 50-day moving average is $55.48 and its two-hundred day moving average is $44.40. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -26.11 and a beta of -0.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.30 and a quick ratio of 6.90.

Xometry Profile

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Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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Institutional Ownership by Quarter for Xometry (NASDAQ:XMTR)

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