Teacher Retirement System of Texas purchased a new stake in Xometry, Inc. (NASDAQ:XMTR – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,660 shares of the company’s stock, valued at approximately $225,000.
A number of other large investors have also recently modified their holdings of the business. CWM LLC increased its position in shares of Xometry by 825.6% in the first quarter. CWM LLC now owns 1,555 shares of the company’s stock worth $39,000 after purchasing an additional 1,387 shares during the last quarter. Keystone Global Partners LLC purchased a new position in Xometry in the 1st quarter worth approximately $57,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Xometry by 18.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,777 shares of the company’s stock worth $219,000 after buying an additional 1,376 shares during the last quarter. State of Wyoming raised its position in shares of Xometry by 14.8% during the 1st quarter. State of Wyoming now owns 10,187 shares of the company’s stock valued at $254,000 after buying an additional 1,311 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC raised its position in shares of Xometry by 5.1% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 10,250 shares of the company’s stock valued at $255,000 after buying an additional 500 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.
Xometry Price Performance
XMTR stock opened at $65.59 on Wednesday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -52.47 and a beta of 0.87. The firm’s 50-day moving average price is $52.45 and its two-hundred day moving average price is $41.69. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. Xometry, Inc. has a 12-month low of $18.59 and a 12-month high of $69.26.
Insider Buying and Selling
In related news, CEO Randolph Altschuler sold 9,331 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $50.31, for a total value of $469,442.61. Following the completion of the sale, the chief executive officer owned 310,271 shares of the company’s stock, valued at $15,609,734.01. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Miln sold 599 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $62.11, for a total transaction of $37,203.89. Following the transaction, the chief financial officer directly owned 141,796 shares in the company, valued at approximately $8,806,949.56. The trade was a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,528 shares of company stock worth $536,696. Corporate insiders own 9.66% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on XMTR. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. JMP Securities set a $75.00 price objective on Xometry in a research report on Wednesday, November 5th. Citizens Jmp boosted their target price on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Citigroup reissued an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.89.
Check Out Our Latest Stock Analysis on XMTR
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.
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