State of Wyoming Acquires 676 Shares of Xometry, Inc. (NASDAQ:XMTR)

State of Wyoming lifted its holdings in Xometry, Inc. (NASDAQ:XMTR) by 8.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,876 shares of the company’s stock after purchasing an additional 676 shares during the period. State of Wyoming’s holdings in Xometry were worth $379,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in Xometry by 2,144.2% during the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock valued at $34,873,000 after purchasing an additional 781,049 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Xometry during the fourth quarter valued at approximately $30,297,000. Ameriprise Financial Inc. lifted its holdings in Xometry by 225.7% during the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company’s stock valued at $36,381,000 after purchasing an additional 590,974 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Xometry during the fourth quarter valued at approximately $17,623,000. Finally, Driehaus Capital Management LLC purchased a new position in Xometry during the fourth quarter valued at approximately $16,551,000. Institutional investors own 97.31% of the company’s stock.

Insider Activity

In related news, CFO James Miln sold 7,235 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.61, for a total value of $192,523.35. Following the transaction, the chief financial officer now owns 131,090 shares in the company, valued at approximately $3,488,304.90. This represents a 5.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily Rollins sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the sale, the director now owns 16,146 shares in the company, valued at approximately $333,576.36. This represents a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,297 shares of company stock worth $2,214,438 over the last 90 days. 9.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XMTR has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Cantor Fitzgerald lifted their price objective on shares of Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.89.

Xometry Stock Performance

Shares of Xometry stock opened at $34.93 on Wednesday. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The company has a market capitalization of $1.76 billion, a PE ratio of -33.27 and a beta of 0.71. The company has a 50-day simple moving average of $25.82 and a two-hundred day simple moving average of $30.83.

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.