Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 57.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,501 shares of the company’s stock after selling 66,750 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Xometry were worth $2,070,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Xometry during the 4th quarter valued at about $27,000. Canada Pension Plan Investment Board bought a new stake in shares of Xometry during the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new position in shares of Xometry during the fourth quarter worth approximately $73,000. Summit Investment Advisors Inc. grew its holdings in Xometry by 8.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock worth $190,000 after buying an additional 333 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Xometry in the 4th quarter valued at approximately $219,000. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup reduced their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. JMP Securities reiterated a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. UBS Group boosted their price target on shares of Xometry from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. 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 company. Based on data from MarketBeat, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

Insider Activity

In related news, Director Emily Rollins sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares of the company’s stock, valued at approximately $333,576.36. This trade represents a 11.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Miln sold 1,346 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were 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 approximately $3,636,637.69. This trade represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,256 shares of company stock worth $2,012,889. Insiders own 16.79% of the company’s stock.

Xometry Stock Down 2.2 %

XMTR stock opened at $29.95 on Thursday. The firm has a market cap of $1.51 billion, a PE ratio of -28.52 and a beta of 0.71. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $29.99.

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.